Tuesday, May 17, 2011
California Led Q1 IPO Pipeline
New information released in a study of the IPO pipeline, finds that California continues to be the most active market in terms of initial public offerings. According to the Renst & Young LLP US IPO Pipeline study, California had 25 companies looking to raised $2.2 billion on the market in Q1. California was followed by Texas, Connecticut, and Florida in terms of firms aiming at the markets. Ten Southern California firms were included in the list; of those, Air Lease and Boingo Wireless both have already hit the market, and one, Fallbrook Technologies, has pulled its IPO since Q1.