According to Renaissance Capital, IPOs are having their worst quarter since Q2 '09, with 71% of...

|By:, SA News Editor

According 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.