1 note &
The number of global IPOs are falling fast
Initial public offerings dropped last quarter to the second-lowest level since the financial crisis, as signs of a global economic slowdown threaten to extend the IPO market’s slump into 2013.
Initial share sales raised about $21.3 billion worldwide in the three months through September, 48 percent less than the previous quarter, according to data compiled by Bloomberg. WhileJapan Airlines (9201) Co. completed 2012’s biggest IPO since Facebook Inc. (FB), companies from guitar maker Fender Musical Instruments Corp. to Hardee’s owner CKE Inc. shelved their offerings after failing to procure the price they wanted from investors.
