Record Volume with Fewer Deals
[related data: Comprehensive]

For 2000, we did witness a slacking off in the number of deals because of a widespread sell-off, but enjoyed success with another record year of volume. We should note that our statistics exclude closed-end funds; units and deals priced under $5 a share.

    1999 2000  
Number of Deals 492 422
Avg. Amount Raised $130M $230M
Total Amount Raised $63B $97B
Avg. Percent Change +195% -27%
Based upon our research, 2000's IPO market saw 422 firms debut, totaling $97.4 billion in total amount raised. While fewer deals debuted than seen in 1999, proceeds grew substantially. The dramatic rise in volume can be attributed to the 16 deals that reeled in north of $1 billion.

The biggest deal of the year was the tracking stock offer of AT&T Wireless Group (ticker: AWE). With the assistance of lead managers Goldman Sachs, Merrill Lynch and Salomon Smith Barney, AWE raised $10.6 billion from the sale of 360 million shares.

In fact, half of those heavyweight offerings hailed from overseas waters and most of them were privatization of government-owned businesses. For more on the theories surrounding the mega-deals of 2000, read on as we highlight the trends for the billion dollar plus IPOs.

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