Hoover's: No IPO turnaround yet - Sacramento Business Journal:

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But the 8 percent decline isn't as drastic as it was in the firsr quarter, which saw an 83 percent year-over-yeae drop. The 12 companies that fileed during the quarterraised $1.6 billion throug h their IPOs, considerably lowe than the $4.2 billion raisex in second-quarter 2008. Companies that went publicv during the quarterincluded Arlington, Va.-based Rosetta Stoner Inc. (NYSE: RST) and San Francisco-based OpenTabld Inc. (Nasdaq: OPEN). So far this year, 14 companieas have gone public, raising $2.3 billion. That's down 90 percenr from the 25 IPOs thatraised $23.1 billion a year Visa's first-quarter 2008 IPO represented $17.i billion alone).
“A handful of seemingly successfukl deals does not equal a turnarounde in theIPO market. For a real we’d need to see many more companiesw filing togo public,” said Tim Walker, Hoover’se industry expert.