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423,890

*The number of offerings excludes IPOs with an offer price of less than $5.00, ADRs, best efforts offers, unit offers, Regulation A offerings (small issues, raising less than $1.5 million during the 1980s), real estate investment trusts (REITs), partnerships, and closed-end funds. fFirst-day returns are computed as the percentage return from the offering price to the first closing market price.

♦Gross proceeds data are from Securities Data Co. and exclude overallotment options but include the international tranche, if any. No adjustments for inflation have been made. Source: Professor Jay R. Ritter, University of Florida.

*The number of offerings excludes IPOs with an offer price of less than $5.00, ADRs, best efforts offers, unit offers, Regulation A offerings (small issues, raising less than $1.5 million during the 1980s), real estate investment trusts (REITs), partnerships, and closed-end funds. fFirst-day returns are computed as the percentage return from the offering price to the first closing market price.

♦Gross proceeds data are from Securities Data Co. and exclude overallotment options but include the international tranche, if any. No adjustments for inflation have been made. Source: Professor Jay R. Ritter, University of Florida.

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