Some useful new data is out from E&Y on global IPO activity in 2006. In a nutshell, the just-completed year was the biggest ever for global IPOs, at least by dollars generated. Granted, if you net out the $22-billion ICBC IPO then 2000 ends up just ahead of 2006, but it's still been a remarkable IPO recovery.
On to 2007: there was a quick CNBC clip Tuesday on the outlook for venture-backed IPOs in 2007. You know my view, but it's still nice to see other people catching up.
As an aside, my friend Dylan at CNBC is not quite right in the above clip in saying that owning IPOs at the offering has been the only way to make money on the things. Matter of fact, you have made more money recently on U.S. IPOs via aftermarket performance than via buying them on the offering for the first-day pop.