Renaissance Capital has issued its 3rd Quarter 2009 Global IPO Review. For the second consecutive quarter, global IPO activity rose significantly as equity markets rallied and investor risk appetite increased. We believe we are in the early stages of a trend back toward traditional growth IPOs that will solidify further in 2010 and beyond. In the meantime, larger IPOs from infrastructure/construction firms or private equity-backed companies are contributing to growing IPO issuance. Please read our full 3rd Quarter 2009 Review.
