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Top IPOs of 2001
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December 20, 2001: 11:06 a.m. ET
Despite the economic downturn, some new issues still rose to the occasion.
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NEW YORK (CNN/Money) - IPO activity dropped more than 80 percent in 2001, with only 93 companies going public, raising $45.3 billion. By contrast, 450 companies went public in 2000, raising a total of $120.2 billion.
New issues rebounded somewhat in this year's fourth quarter, led by the successful debut of Prudential Financial Inc. in December. In total, 11 new companies hit the public markets in the second week of December, the most active week in more than a year.
Kraft Foods Inc. maintained its title as the year's biggest IPO, calculated at $8.7 billion. Prudential's $3 billion new issue took top honors for the fourth quarter.
A technology-related offering from Verisity Ltd. emerged as the top-performing IPO of the year. Verisity (VRST: up $0.04 to $16.94, Research, Estimates), which offers chip-design technology, gained nearly 20 percent in its March IPO. Since then, the Mountain View, Calif.-based company is up 118 percent.
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