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

A Recipe for Success

October 2014
Thursday, September 25, 2014
BY LINDA BAKER

Two businesswomen, two iconic food brands and one food-obsessed city. We thought this sounded like a recipe for good conversation. So in late August, Oregon Business sat down with Wendy Collie, CEO of New Seasons Market, and Kim Malek, owner of Salt & Straw, to discuss their rapidly expanding businesses and Oregon’s trendsetting food scene.


Read more...

The 100 Best Nonprofits to Work for in Oregon 2014

October 2014
Thursday, September 25, 2014
BY KIM MOORE

Proud, diverse and underpaid.

Pride in their organizations’ mission, fairness in the treatment of women and ethnic minorities, flexible work schedules — these are just a handful of workplace characteristics that employees of this year’s 100 Best Nonprofits appreciate about their organizations.


Read more...

Shifting Ground

November/December 2014
Wednesday, October 22, 2014
BY JOE ROJAS-BURKE

Bans on genetically modified crops create uncertainty for farmers.


Read more...

100 Best Nonprofits announced

News
Thursday, October 02, 2014

100NP14logo4WebOregon Business magazine has named the sixth annual 100 Best Nonprofits to Work for in Oregon.


Read more...

A Complex Portrait: Immigration, Jobs and the Economy

November/December 2014
Wednesday, October 22, 2014
BY JOE ROJAS-BURKE & KIM MOORE

Oregon Business reports on the visa squeeze, the skills gap and foreign-born residents who are revitalizing rural Oregon.


Read more...

Growing a mobility cluster

News
Friday, October 31, 2014
0414 bikes bd2f6052BY LINDA BAKER | OB EDITOR

Why are there so few transportation startups in Portland?  The city’s leadership in bike, transit and pedestrian transportation has been well-documented.  But that was then — when government and nonprofits paved the way for a new, less auto centric way of life.


Read more...

Grape Expectations

October 2014
Thursday, September 25, 2014
BY HANNAH WALLACE

Well-financed outsiders from France and California are buying up vineyards and wineries in the Willamette Valley.


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