Market Currents
According to Renaissance Capital, IPOs are having their worst quarter since Q2 '09, with 71% of...
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Tuesday, September 27, 2011, 4:13 PM ETAccording to Renaissance Capital, IPOs are having their worst quarter since Q2 '09, with 71% of offerings trading below their issue prices, and total new issue volume down 58% Y/Y. There are still 330 deals in the pipeline for i-banks to eventually collect fees on, but the current environment is driving many companies (I, II) to delay going public.
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