December 23, 2006 at 1:08 pm by Tom Lydon
Along with exchange traded funds (ETFs), 2006 was an opportune year for initial public offerings (IPOs). The amount of money raised jumped 19%, to $38 billion and through December 8, they gained 24%. BusinessWeek.com reports that the market looks just as strong going into 2007 with upstarts having strong growth potential looking more appealing.
The First Trust IPOX-100 Index (FPX) is an ETF launched last April that invests in IPOs. The private equity boom will keep feeding the IPO market directly. The financial sector had the most action with 48 deals valued at $7.5 billion. Technology IPO’s should remain on a steady increase as telecom did the same this year.
Tags: IPOs
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