What’s Next for IPOs?
After a fairly good showing in 2007, the U.S. market for initial public offerings went into hiding during the first quarter of 2008. Only 10 companies went public on U.S. stock exchanges. But the drought was not limited to the United States. The first quarter saw fewer IPOs list in each of the world’s major markets than during the same period in 2007. Even if you never participate in an initial public offering – few investors do – much can be learned from the IPO market about the financial climate at home and abroad. Keeping an eye on this important…