Further evidence has emerged that energy continues to drive the Texas securities law market.
According to The Texas Lawbook, there have been 13 IPOs priced by companies based in Texas in 2012. Those 13 IPOs offered an aggregate of $3.9 billion of securities. As was the case in 2011, more than half of the 2012 Texas IPO's (7 of 13), representing more than half of the value of the offerings ($2.5 billion of $3.9 billion) were conducted by energy sector companies.
This will probably be my final blog of 2012. Thanks to all my readers and have a very Happy New Year!
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