Companies think twice about IPOs
The number of postponed initial public offerings in the U.S. and Europe reached record levels this quarter.
The number of postponed initial public offerings in the U.S. and Europe reached record levels this quarter, with 10 times as many being put on hold in the past six weeks than in the final quarter of 2006, according to a Financial News report.
In total, 82 initial public offerings – 67 in the U.S. and 15 in Europe – have been pulled as companies are reluctant to enter turbulent equity markets, according to data from Thomson Financial.
Only eight IPOs – two in Europe and six in the U.S. – were put on hold in the fourth quarter of 2006.
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