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Securities

May 30, 1996|Times Staff and Wire Reports

2nd-Quarter IPOs Already Pass Record Mark: More than 145 companies making initial public offerings raised $12.3 billion since the beginning of April, surpassing the record for a single quarter, Securities Data Corp. said. The previous record, $12.2 billion, was set for the last three months of 1995, Securities Data said. High-technology offerings have led the way, raising $5.5 billion, or almost $2 billion more than the previous record. Morgan Stanley Inc. and Goldman, Sachs & Co. account for more than 54% of the IPOs underwritten so far this quarter, Securities Data said.

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