Red Herring reports that the IPO pipeline is full of growing ventures looking to expand.
“As of December 30, 116 companies had filed plans for IPOs to raise $24.8 billion, according to available records. The number of potential issuers and the dollar-volume figures are more than double what they were a year ago.
“Flip the calendar back to January 1, 2004, when 49 IPOs were looking to raise $8.9 billion. By the time 2004 ended, 238 IPOs had been priced, raising $45.2 billion.”
This is more evidence of the potential for a strong economy in 2005.
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