Non-U.S. companies have sold $5.8 billion in stock through U.S.-listed IPOs
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Bigger deals this year include Canadian doughnut chain Tim Hortons Inc.'s $772.5 million and German semiconductor firm Qimonda AG's $546 million |
So far in 2006, non-U.S. companies have sold $5.8 billion in stock through
U.S.-listed IPOs, the highest year-to-date volume since the tech-stock
boom in 2000 saw $27.2 billion of IPO listings emerge from overseas,
according to data from Dealogic.
(via WSJ).
Though the number of companies tapping American exchanges for their new listings isn't up -- Dealogic shows there have been 17 this year, compared with 20 in 2005 -- the amount of money raised has nearly doubled in that time. |
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In the first eight months of 2000, 78% of the overseas companies that had American debuts were technology or telecommunications stocks, accounting for 81% of the money raised through foreign IPOs. The end of the tech-stock boom later that year changed the mix: So far in 2006, 41% of non-U.S. listings specialized in tech or telecom, with just 31% of the total capital raised. |
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