With 87 IPOs completed year-to-date in 2010, easily exceeding the 64 deals completed in all of 2009, the US IPO market is starting to resemble its pre-Great Recession self. High profile filings from General Motors and Skype drew a great deal of attention to the IPO space toward the end of a tumultuous summer, but these and other marquee registrations only represent the tip of the iceberg in a swollen IPO backlog. In the US, new IPO filings have more than doubled the rate of pricings so far this year, and the pipeline has grown to include 170 companies seeking to raise nearly $60 billion in proceeds.
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