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Tuesday, January 19, 2010

Frozen Norwegian IPO market seen thawing in 2010

OSLO, Jan 19 (Reuters) - Despite a 10-month stock market bull run, Norwegian initial public offering (IPO) activity is seen as low in early 2010, but the Oslo bourse says several firms could weigh in later this year after a two-year drought.


Only a few minor Norwegian IPOs have been made since mid-2008, when the financial crisis put paid to a capital raising boom centred on the energy and oil services sectors.

Oslo's oil-heavy main index plunged 55 percent in 2008, but has been a top performer after growth returned to key economies last year and raw material prices regained momentum.



The main index has more than doubled from a March 2009 low and is back at the level it was before Lehman Brothers collapsed

Source:in.reuters.com/

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