Friday, November 23, 2007
The Dow Jones dropped more than 1000 points this month, but the IPO market is having its best year since 2000. Unlike the earlier boom, which was fueled by tech and dotcom stocks, companies in virtually all sectors of the economy are going public. The theme this time around is international -- 6 of the 10 best-performing IPOs are foreign companies, three from China. The best performing IPO is JA Solar, a Chinese company that sells solar-powered equipment. Its shares are up about 260% since listing on Nasdaq in February. WPost, IPOs Provide Firms With Ample Funds.