Business Services Industry
IPOs Made Mad Dash in Late 2003; Four Chicago Firms Added to Momentum.
Knight Ridder/Tribune Business News, January, 2004
By John Schmeltzer, Chicago Tribune Knight Ridder/Tribune Business News
Jan. 4--After a three-year slump, the market for new stocks is showing signs of recovery in an upswing that has benefited a few Chicago companies.
While there only were 69 major stock offerings in 2003, 44 of them, or 64 percent, were made in the final three months of the year, according to data compiled by Renaissance Capital, of Greenwich, Conn., an independent provider of research on the IPO market, and the Tribune.
"What we saw in the second half of the year was pretty significant," said Paul Bard, an analyst with Renaissance Capital IPO Fund Report. "There were six in the first half and more than 60 in the second half of the year. If you look at just the...
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