Last year, 291 companies had public stock offerings in the U.S., and as the IPO market catches its breath following a blockbuster 12 months, fewer companies are launching public stock offerings, reports U-T San Diego’s Mike Freeman.
“I think one of the key drivers of the slowdown in the first quarter was bankers pushed companies to go public in the fourth quarter of 2014 to get out while the market was good,” said Doug Regnier, a partner with Ernst & Young in San Diego, in the article. “So the pipeline was fairly well depleted.
EY’s Global IPO Trends report forecasts 38 companies would raise $5.6 billion in U.S. IPOs when the first quarter ends March 31. That’s down 46 percent from the first quarter last year. The firm called the decline a “natural pause.”
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