Wednesday, September 24, 2008
IPO- Is the Party over ?
The gloom that has descended on stock markets worldwide in the wake of a financial turmoil in the US.Is the IPO party over? For now, that appears to be the case. About 30 IPOs, aiming to raise some $9 billion, have been withdrawn from markets around the world in the last few months most of them in the US and Hong Kong. Unfortunately, things aren't likely to improve in the near-term as the pipeline of companies waiting to go public remain backed up. With the future direction of their IPO market held in the balance, we only hope that things may become better some day in near future