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Cheap valuations and strengthening economies lure buyers to Europe in the third quarter.
Pfizer, Goldman Sachs are among the companies selling businesses amid the stock market rally.
Initial share offerings raise $21.3 bln, down 48% from Q2 level.
Offerings drop 34% as Facebook debut, European crisis scare away buyers.
Private market moves to replace commissions from trading Facebook shares.
Offering is the biggest ever by a technology company.