PRINT THIS PAGE 2007 US IPO watch: analysis and trends23/04/2008. Source: PricewaterhouseCoopers. 
2007 US IPO activity was the highest since 2000
The turmoil in the credit markets might have slowed the pace of M&A in the second half of 2007; however, it didn’t hinder IPO activity. The fourth quarter of 2007 saw 101 IPOs—the highest quarterly IPO volume in eight years—raise $20.4 billion. As predicted in our 2006 US IPO watch report, 2007 IPO activity exceeded that of 2006. There were 296 offerings that raised $65.1 billion in 2007 compared to 236 listings that raised $49.9 billion in the prior year. In fact, 2007 was the strongest IPO market we have seen since 2000 when 429 IPOs raised $92.6 billion. One of the discernable features of 2007 was the continued rise in the number of special purpose acquisition company (SPAC) IPOs. There were 49 SPAC offerings in 2007 compared to 18 in 2006 and three in 2005. Approximately half of the growth in overall IPO volume was driven by the growth in SPAC IPOs.
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