Initial public offerings in the U.S. are off to their strongest start than in any other year since 2000, according to data from Thomson Reuters.
Today’s $3.8 billion offering for hospital chain HCA Holdings Inc. (HCA) brought 2011 IPO volume to $12.5 billion, which is six times larger than volume at this time last year. Moreover, there have been more IPOs this year than in 2008, 2009 and 2010 combined.
NYSE has a slight 11-10 edge over the Nasdaq in terms of listings, although approximately 94% of the IPO proceeds went to NYSE-listed companies. Goldman Sachs is the leading underwriter, with 21.9% of the market.