The US Markets – Recent Success Breeds More

Last June following Marine Money’s closing of the NASDAQ exchange in celebration of Marine Money Week, NASDAQ hosted a press conference that captured the dynamics of the US equity markets and the value to shipping of participation in those markets over just the past few years. Since 2005 more than 20 shipping IPOs have raised more than $3.9 billion dollars in US based initial public offerings. More than 30 shipping companies have raised over $2.6 billion in follow-on offerings on the two US markets. Equity issuance for 2007 has already surpassed 2006 levels and is expected to surpass the record year of 2005 well before year’s end.

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