Led by Facebook, initial public offering volume reached $43 billion in 2012, the highest amount since $49 billion in 2007, reports Renaissance Capital, which tracks IPOs.

Facebook’s $16 billion IPO led the way, in a year when only three others (Santander Mexico, Linn, and Realogy) topped $1 billion in the U.S. The Facebook IPO was the third-largest U.S. IPO of all time (behind Visa and ENEL), the seventh-largest global IPO on record, and the biggest venture capital-backed deal in IPO history.

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