Initial public offering issuance in the United States has surged ahead of other nations’ IPOs so far in 2011, even moving ahead of the Asia-Pacific region, Renaissance Capital reported Wednesday.
In an article on its website titled “U.S. IPOs on Top Again,” the Greenwich, Conn.-based IPO research firm said the United States has taken the top perch due to the increasing quality and growth potential of U.S. IPOs relative to Asia-Pacific offerings and the broad underperformance of Asia’s equity markets.
U.S. IPO momentum is also building with a pipeline of high-profile deals, Renaissance said, noting that so far this year there have been 24 IPOs in the United States, an 85% increase from the 13 seen in the first month and a half last year.