The first quarter of 2012 came to a close over the weekend, and according to Renaissance Capital, that brings some good news for the IPO market. You just have to think directionally. Worldwide, proceeds fell 69 percent YOY to $11.4 bn, with Q1 deal flow down 53 percent YOY. But, Renaissance Capital notes, ‘Despite this weak activity, the IPO market made progress in the first quarter as strong overall returns helped facilitate growing investor confidence in the asset class and as US deal activity picked up.’

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Source: Renaissance Capital