Most US companies desire to go public: E&Y

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Most US companies desire to go public: E&Y

Companies planning expansion seem to have headed down a well trodden path. They simply go to the stock market to raise funds, reports CNBC-TV18.

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Excerpts from Power Breakfast on CNBC-TV18 Watch the full show » ALSO READ See latest News about Reliance Power See previous management interviews See what other Experts & Brokerages are saying about Reliance Power Reliance Power BSE | NSE 25/05/12 Are Mutual Funds betting on Reliance Power?

Companies planning expansion seem to have headed down a well trodden path. They simply go to the stock market to raise funds, reports CNBC-TV18. 

A study by  global consultancy and research firm , Ernst and Young shows that last year IPOs issued worldwide accounted for USD 246 billion. India's public issue market was the eight largest, with USD 7.23 billion or Rs 30,000 crore in net proceeds from 78 IPOs.

Chinese companies raised the most money, with net proceeds of USD 56.6 billion from 175 IPOs. But the US was ranked first in number of IPOs with 187 issues, followed by Japan, with 185 offers.

Mukesh Ambani's Reliance Petroleum , which raised USD 1.8 billion, was among the top 20, which accounted for 35% of the total capital raised.