The number of U.S. IPOs added to the Russell Global index was 27% in 2007, down from 44% in 1997, according to Russell Investments. The U.S. accounted for 151 of the 566 IPOs added to the index in 2007, compared to 226 of the 519 IPOs in 1997. Brazil, China, India and Russia produced a combined 118 IPOs in 2007, up from 20 in 1997. Other countries with declines in IPOs during the 10-year span were Malaysia, with three in 2007 and 29 in 1997; Hong Kong, 10 vs. 21; and Taiwan, one compared to 20.
Mark Thurston, head of global equity research at Russell Investments, said that with only 84 IPOs added to the U.S. component of the Russell Global index during the three quarters ended March 31, we may see the lowest number of U.S.-based additions since 2003, when Russell reconstitutes its global family of indexes at the end of June. In the past three quarters, China ranked second with 41 IPO additions, producing 12% of the total number during the nine-month period.