Globally, initial public offerings raised US$20 billion in the first quarter of 2013. The growth of this financial area was buoyed by rallies in different stock markets to sell businesses.
Amongst the largest players were Pfizer's US$2.6 billion sale of Zoetis, its animal health unit. This was followed by Goldman Sach's IPO of LEG Immobilien AG, the German apartments magnate.
The United States topped the IPO fundraising drive in 2013's first quarter, with companies able to raise US$8.91 billion according to data compiled by Bloomberg, a rise of 44%. Europe raised US$3.66 billion with a 25% increase. Asia posted the largest decline, with only US$2.88 billion or a slump of 59%.
The second quarter also looks as bright if not brighter. Amongst the larger ones is Blackstone Group LP's Pinnacle Foods which raised US$580 million in yesterday's trading. Other IPOs in the pipeline are Warburg Pincus LLC's Bausch and Lomb and Madison Dearborn Partner LLC's CDW Corp.
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