IPOs 2013: First Quarter Mixed, But Backlog Strong
Although the equity markets boomed in the first quarter of 2013, IPO investors played it safe with a modest number of deals heavy on dividend-paying stocks. But analysts say things should get more interesting as the year goes on. A total of 31 IPOs came out in the quarter, down from 42 in the first quarter of last year, according to IPO investment firm Renaissance Capital. Proceeds rose 29% to $7.6 billion, however, largely due to Pfizer's (PFE)
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