Number of IPOs in 2004 Increased By 195%; IPO Activity in Q4 2004 Strongest in More Than Four Years

Jan 04, 2005, 00:00 ET from Hoover's, Inc.

    AUSTIN, Texas, Jan. 4 /PRNewswire/ -- 233 companies went public on the
 major U.S. stock exchanges in 2004, a 195% increase in the number of IPOs over
 2003, according to Hoover's, Inc., a leading provider of business information
 and publisher of Hoover's Online ( ).  Hoover's
 quarterly IPO Scorecard ( ) also reported
 there were more IPOs in 2004 than in 2002 and 2003 combined.  The 233 IPOs
 offered on the NYSE, NASDAQ and AMEX in 2004 raised $43 billion, compared to
 79 IPOs in 2003, which raised $16 billion.
     Year-in-Review from Hoover's IPO Scorecards
     Q1 2004:  The majority of Q1 IPOs priced in at the high end of estimates
 and closed up on their first day of trading.  By the end of the quarter, there
 were twice as many IPOs than in the first six months of 2003.
     Q2 2004:  By the end of this quarter, the number of IPOs had already
 surpassed the total for all of 2003.  General Electric spinoff Genworth
 Financial became the year's biggest IPO in terms of money raised.
     Q3 2004:  Even though many of this quarter's IPOs priced below their
 estimated per share range, the third quarter also saw the long-anticipated
 public offering from Google Inc., which continues to trade up.
     Q4 2004:  This quarter saw both the busiest week (December 13) and busiest
 month (October) for IPOs since Q3 2000.  More companies went public this
 quarter than in all of 2002 or 2003.
     Additional Findings from Hoover's IPO Scorecard for Q4 2004:
      *  Top Ten Best-Returning IPOs for Q4:    Offer        Q4 Close    Return
         Interchange Corporation                $8.00         $18.14      127%
         CoTherix, Inc.                         $6.00         $11.92       99%
         IntraLase Corp.                       $13.00         $23.48       81%
         Build-A-Bear Workshop, Inc.           $20.00         $35.15       76%
         FoxHollow Technologies, Inc.          $14.00         $24.59       76%
         Las Vegas Sands Corp.                 $29.00         $48.00       66%, Ltd.                    $18.00         $28.25       57%
         MarketAxes Holdings Inc.              $11.00         $17.01       55%
         Advance America, Cash Advance
          Centers, Inc.                        $15.00         $22.90       53%
         PlanetOut Inc.                         $9.00         $13.60       51%
      *  Best First-Day Gain:  Arbinet-thexchange, Inc.                    66%
         Worst First-Day Drop: China Finance Online Co. Limited           -10%
      *  Las Vegas Sands Corp., which closed up 61% on its first day of trading
         and continues to trade up, became the first IPO from a U.S. casino
         operator since October 2002.  Sheldon Adelson's majority stake in the
         owner and operator of the Venetian Casino Resort makes him a
         billionaire 11 times over.
     "While the IPO market virtually shuts down from mid-December to mid-
 January, the fourth quarter of this year still managed to break a lot of IPO
 records, paving the way for a busy 2005," said Rachel Brush, Hoover's VP and
 managing editor.  "A number of well-known deals hit the market in 2004,
 including Google, CB Richard Ellis Group,, Domino's Pizza and
 DreamWorks Animation.  The top three IPO industry sectors for 2004 in terms of
 IPO pricings were Biopharmaceuticals & Biotherapeutics, Medical Devices, and
 Mortgage & Investment REITs."
     Hoover's provides continuously updated information about thousands of
 private and public companies worldwide and analyzes the IPO market daily to
 produce the quarterly IPO Scorecard, a regular wrap-up of IPO activity,
 released on the IPO Central section of Hoover's Online.  Each IPO Scorecard
 includes an assortment of facts selected by Hoover's editors for those
 following the IPO market, including the best- and worst-performing IPOs and
 the biggest one-day jumps and drops in the first day of trading.  Hoover's
 also produces a weekly IPO Update newsletter, accessible via IPO Central
 ( ).
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      Contact:  Lisa Glass
                Public Relations
                Hoover's, Inc.
                512 / 374-4662

SOURCE Hoover's, Inc.