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October 25, 2010 at 12:39 PM
According to Renaissance Capital, $23 billion was raised in the global IPO market last week, making it the biggest week this year and signaling a revival in investor interest for this class of equities.
The Hong Kong offering of AIA, a carveout of AIG's Asia Pacific life-insurance business, raised $17.8 billion, making it the fifth-largest IPO on record. Also Taiwan's TPK Holdings has a $200 million IPO; the firm is the supplier of the touch-screen technology behind Apple's iPad.
In early November, Coal India IPO is set to raise more than $3 billion in what may be the country's largest-ever initial public offering.
In the U.S., handbag-maker Vera Bradley (VRA), Chinese education provider TAL Education (XRS) and Italian restaurant chain Bravo Brio (BBRG) raised a combined $440 million, while in South America, oil and gas provider HRT Participações sold $1.4 billion in new stock on Thursday.
