IPOs for private equity-backed companies have bounced back from their 2008 doldrums. Last year, 37 PE-backed, U.S-headquartered companies completed IPOs, more than triple 2008's count of 12 and up from 2011, as well. With 23 PE-backed IPOs completed at the halfway point of this year, 2013 activity may very well end up surpassing 2012's. Overall, though, IPO activity has a ways to go to get back to the level seen in 2005, when there were 70 IPOs by PE-backed companies.
Although 2011 saw a slowdown in IPO activity from 2010, total capital raised through the year's 31 IPOs was $15.4 billion, nearly doubled 2010's $8.5 billion. A handful of big IPOs made the difference, including an over $4 billion offering for Hospital Corporation of America, a $2.9 billion offering for Kinder Morgan and a $1.6 billion offering for The Nielsen Company.
Among the IPOs is an offering by Noodles & Company, a PE-backed restaurant chain that closed its first day of trading (last Friday) with shares up 104% from their IPO price.
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