US trumps Asia in IPO issuance

After trailing Asia for the past two years, the US has reclaimed its place as the top region in terms of IPO issuance, according to a report from Renaissance Capital. This is despite 2011 being described as many as the year for emerging markets to dominate. In the the first two months of 2011, the US has had 24 IPOs, representing a rise of 85 per cent from the year-earlier period’s 13 deals, according to the report. The amount raised is up to $8.1bn from $1.9bn. The increase comes despite an overall slump in IPO?activity. There have been only nine IPOs outside the US larger than $100m in 2011. Yet in 2010, there were 19 for the same period.