Tuesday, July 26, 2011
California Leads In IPO Filings In Q2, Says Report
California is currently leading in terms of the number of IPO registrations, as the IPO market has reached a new high, according to a report released today. According to a report from Ernst & Young, the second quarter of 2011 saw 140 potential IPOs, representing $23.7 billion in deals, the highest since the financial crisis started in late 2007. California had 25 companies in registration as of Q2, with eight companies in Southern California. The report also found that technology deals had the most number of registrations in Q2, led by daily deals site Groupon.