It’s just the sort of news that capital markets lawyers were waiting for: During the first half of 2011, companies raised $26 billion in initial public offerings. That total is nearly three times higher than the amount raised in the same period in 2010, according to data compiled by IPO tracker Tableau Software.
Although the IPO market cooled off in the third quarter, a practice that was de rigueur during the go-go days of the dot-com boom has popped up again this year: Lawyers and law firms are taking equity stakes in client companies before they go public ["Hard to Get," April 2000].
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