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IPOs Dry Up in Developed World but Emerging Markets Show Promise
Initial public offerings ground to a halt this year in most of the developed world, as a credit crunch and bear market forced private companies to either postpone offerings, or cancel them all together.
But emerging market IPOs have flourished, accounting for 70% of the total value of public offerings worldwide since April 1.
Globally, the number of IPOs during the second quarter fell by 56% to 205, while the amount of money raised through IPOs fell 64% to $31.5 billion, according to data from Dealogic.
However, that steep decline was largely the result of a collapse in more advanced,…
31Jul2008 | Money Morning | Comments Off | Continued
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