Now, the economic turmoil has stifled the new issues market.
In contrast, the new-issues market of 2000 started out in a frenzy but ended in collapse.
It will take a while before the new-issues market recovers, and in the meantime some companies will die off.
Another sign that the new-issues market is heating up: January 2006 offerings had an average first-day gain of 16% versus the 7% average since 2001.
When British forces lost, investors anticipated new issues coming to market, and the opposite happened.
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Risk spreads could expand in 2011 as more new issues come to market and the imbalance between already strong demand and increasing supply narrows.
This subset accounted for 37% (by number) of the new issues brought to market since 1990 and averaged a 182% gain and a performance relative to the market of 140.
When a fund experiences a large inflow of investor capital, the only way to put it to work may be to buy new issues brought to market by investment banks.
Looking to take advantage of the bull market of the late 1990s, Orfalea and his partners took stock in the new company with the expectation that it would go public in that feverish market for new issues.
The CSRC, as Daniel Ren of the South China Morning Post notes, cannot prevent new issues from coming to market forever.
Few new issues are coming to market these days to replace them, and Nasdaq has been frustrated in its attempts to extend its brand overseas.
In mid-February, the flurry of reinvestment activity has abated just in time for new issues to hit the market as municipalities look to fund summer projects.
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The market for new issues heated up in the first few months, with bubble-era leveraged buyout targets like HCA and Kinder Morgan going public alongside the new crop of technology companies including cloud names and the social media vanguard with the likes of LinkedIn.
Several new issues are holding the muni-market from rallying.
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The sad truth: Even though the 1990s was a great decade for speculative stocks, most new issues did not keep up with the market.
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The bull market and the publicity surrounding new share issues have spurred enthusiasm.
Plenty of new issues are being placed in the high-yield market, but the higher-rate environment predictably has kept some issuers sidelined and has pushed one to withdraw an offering.
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Muni defaults are actually down sharply this year and new bond issues have perked up in recent months, says Municipal Market Advisors.
Lilly also has to work out manufacturing issues that have slowed some of its new drugs on the path to market.
But it also based its new criteria on issues of corporate governance: assessing the openness of a capital market, the sorts of protection offered to investors, and how effectively a market is regulated.
Up until now the ECB and the EFSF have not been allowed to purchase bonds in the secondary market: they can only buy in the primary one, for new issues.
After quickly revamping its truck engines to match emissions technology used by its competitors and addressing nagging quality issues, Navistar is hopeful that its new products will help it to rebuild lost market share.
There's no telling what price the shares would command on the open market today, but this much is clear: Wall Street is cool to new issues these days.
The median performance data are even more revealing: For all 4, 567 stocks including Cisco and the other nine best-performing issues the median new issue is down 31% and has a relative-to-market score of just 40.
Measured by medians, new issues backed by venture capital have a negative 16% absolute performance and a score of 51 relative to the market.
We count 2, 998 new issues in the last ten years (excluding penny-stock deals), with an average relative-to-market score of only 94.
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