Home Archives April 2007 IPOs were bigger in ’06, but not in Oregon

IPOs were bigger in ’06, but not in Oregon

| Print |  Email
Sunday, April 01, 2007

0407MarplesTable.gif

Pacific Northwest companies raised nearly twice as much in initial public offerings (IPOs) in 2006 as  2005. Four companies based in the Seattle area and one in the Idaho panhandle raised a total of about $450 million via IPOs in 2006. In 2005, only three Pacific Northwest companies hit the IPO market, raising about $240 million.

Regionally, the big IPO year recently was 2004, when nine Pacific Northwest companies went the IPO route, raising a total of about $533 million.

Nationally, 2006 represented a recovery year for the IPO market in capital raised. Renaissance Capital’s IPOhome.com reports that 197 IPOs raised $43 billion last year. In 2005, 193 IPOs raised $34 billion.

Both years look tepid in comparison with the bubble years, roughly 1997 through spring 2000, when underwriters took companies public on not much more than a business plan and a website. 

In 1999, underwriters churned out 486 IPOs, raising $93 billion. In 2000, even though everyone could hear the air wheezing out of the bubble, investment bankers still raised a record $97 billion for 406 companies. From 2001 through 2003, an average of only 70 IPOs a year hit the market.

But the IPO market has been in recovery since 2004, partly because buyers of IPOs have been doing well. Renaissance Capital calculates that 2006’s IPOs returned an average of 26%, about half from the first-day “pop.”  IPO returns beat major market indices for the sixth straight year.

The health-care sector, including medical devices and biotechnology, accounted for the biggest share of 2006 IPOs. Other popular sectors in 2006 included energy and venture-backed technology.


— Excerpted from Marple’s Pacific Northwest Letter, editor Michael Parks. For information on this biweekly report on Northwest economic trends, visit www.marples.com.

 

More Articles

Why I became an educator

News
Tuesday, March 04, 2014
03.04.14 thumbnail teachBY DEBRA RINGOLD | GUEST CONTRIBUTOR

How can we strengthen the performance of institutions charged with teaching what Francis Fukuyama calls the social virtues (reciprocity, moral obligation, duty toward community, and trust) necessary for successful markets and democracy itself?


Read more...

Branching out

March 2014
Tuesday, February 25, 2014
DSC04185BY LINDA BAKER

A blueberry bush is a blueberry bush — except when it’s a blueberry tree.


Read more...

The solution to youth unemployment

News
Thursday, February 27, 2014
02.27.14 Thumbnail TeenworkBY ERIC FRUITS

Because they have little chance of working for someone else, today’s teens need to be entrepreneurs. But, first, we must teach our teens that entrepreneurship starts small.


Read more...

Workplace benefits

March 2014
Tuesday, February 25, 2014

Health care and vacations rule. That’s the consensus from our reader poll on workplace benefits that help retain and recruit employees.


Read more...

Green eyeshades in the ivory tower

News
Friday, April 04, 2014
EducationCosts BlogBY ERIC FRUITS

The rapidly rising cost of higher education has left even the smartest researchers and the wonkiest of wonks wondering what’s happening and where’s all that money going. More and more, prospective students—and their families—are asking: Is college worth the cost?


Read more...

Wheel man

March 2014
Tuesday, February 25, 2014
BY LINDA BAKER

Les Schwab has put a premium on customer service since 1952, when legendary namesake Les Schwab founded the company with one store in Prineville. (Schwab died in 2007.) But if the corporate principles remain essentially the same, the world around this iconic Oregon business has changed dramatically.


Read more...

The 2014 List: The Top 34 Medium Companies to Work, For in Oregon

March 2014
Thursday, February 27, 2014

100best14logoWebOur 100 Best Companies project turned 21 this year, so pop open the Champagne. Our latest survey gives us plenty to cheer.

 


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS