IPOs at 4-year high in 2004; Pre-IPO discounts hold steady

Business Valuation UpdateVol. 11 No. 7
July 2005
Shannon P. Pratt, CFA, ARM, ABAR, FASA, MCBA, CM&AA


The IPO market rebounded in 2004 from a severe three-year depression in 2001-2003, and average discounts in the one to two years Pre-IPO time frame for transactions prior to the IPO’s essentially held steady compared to the prior three years but were belo ...