McDermott Will & Schulte, a global law firm

Initial public offering (IPO) deal type, volume and size have changed significantly over the last decade. From 2001 through 2003, following the burst of the dot-com bubble, US IPOs raised comparatively modest total proceeds of slightly more than $80 billion. The market revived from 2004 to 2007, producing about 200 US IPOs and raising approximately $40 billion each year. In contrast to the market prior to 2001, this market was characterized by larger and more seasoned IPO companies, many with private equity sponsors.