LOS ANGELES, Dec. 30, 2003 (PRIMEZONE) -- IPO Monitor (www.ipomonitor.com), the nation's most popular destination site for analysis on the initial public offering market, is pleased to announce that on Jan. 4, 2004 it will publish an annual review of the IPO market and prognostications for 2004.
Available immediately are comprehensive reports and statistics on the IPO Market (http://www.ipomonitor.com/reviews/2003/).
The year's best performing IPO is Accredited Home Lenders (Nasdaq:LEND), a mortgage insurer, currently trading at $31, up 295% from its offering price of $8 per share. It was one of eight IPOs commandeered to Wall Street by Friedman Billings Ramsey. The largest IPO of the year was China Life Insurance (NYSE:LFC) raising $2.9 billion in a global transaction led by U.S. bankers Citigroup Global Markets and Credit Suisse First Boston. Since debuting, shares of China Life have risen over 80%.
IPO Monitor's 2003 Year-in-Review was written by Jeffrey R. Hirschkorn, one of the Street's most visible professionals in the marketplace. The analysis covers the overall market, including a year of evolution, drive towards profits and creating attractive valuations. It also discusses promise for 2004. With some impressive deals already in registration. The analysis covers the potential $2 billion IPO from 'Net search firm Google.
"The IPO market of 2003 did witness a decline in proceeds, but it was a year of change," said Jeff Stacey, a managing director of IPO Monitor. "2003 represented a turning point for the investment underwriting community. Critics of the Dutch auction process are starting to subside. There were two quality deals to price through W.R. Hambrecht and a $125 million real-estate-investment-trust is in registration to test the Dutch auction process."
The full report consists of:
-- Overview: annual summary and insightful analysis
from Jeffrey R. Hirschkorn, a respected IPO market analyst.
-- Top 25: best performers, largest amounts raised and
biggest IPO companies, in terms of current market
valuation.
-- Best & Worst: the best and worst performers, plus charts
to show the performance of the entire market.
-- Deal Flow: a monthly summary of filings, pricings
and withdrawals; providing a distinction between
attempted IPOs (filed registrations), actual IPOs
(pricings) and failures (withdrawn registrations).
-- Underwriters: performance breakdown by lead underwriter.
-- Industry Scorecard: comprehensive listing of IPOs and
statistics for each industry segment.
-- Comprehensive: a complete listing of all IPOs and related
statistics.
-- Historical: historical statistics, from 1970 through 2003.
-- 2004 Preview: a look at a solid year in the making.
Report URL: http://www.ipomonitor.com/reviews/2003