Biz Watch

The IPO Makes A Comeback
Remember IPOs? Those tantalizing initial public offerings that during the tech bubble of the late 1990s promised enormous wealth in a single day's trading? After the frenzy of initial market listings peaked in 2000, IPO madness in Europe abated before almost disappearing completely in 2003. But talk to any banker now and you'll hear that 2004 is the year of the IPO comeback. European IPOs fetched a meager €5.6 billion in 2003, well below the height of 398 billion in 2000, according to Dealogic, which tracks transactions. Bankers say European IPOs this year...

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