European IPOs that were sold between Oct. 1, 1999 and Oct. 1, 2000 have lost only 7 percent of their gains in the past two weeks. The group had traded up 98 percent through Oct. 1, 2000. In comparison, the group of U.S. IPOs have lost 24 percent of their value

Company IPO price 9/29 close 10/13 close Gain/loss since IPO Gain/loss in 4Q 4Q move