The US IPO market has gone cold
The number of US companies going public has really dropped off lately.
"After a record year in 2014, the IPO market slowed dramatically in the first quarter of 2015," Renaissance Capital analysts said.
The first quarter of 2015, which ended Tuesday, was the slowest quarter for IPOs since the first quarter of 2013. While stock prices have been near all-time highs, market volatility has been escalating, turning companies off from trying to unload shares onto the public markets.
Renaissance Capital published an analysis of IPO data from the first quarter of 2015, and found that compared to last year (when there were 64 IPOs in the first quarter of the year), these market debuts fell by more than 46%. Equally disconcerting for the banking community, the value of those offerings also fell correspondingly, from $10.6 billion in 2014 to just $5.4 billion for the first quarter of 2015:
Renaissance Capital
By category, nearly every kind of IPO fell in number, with the notable exception of healthcare offerings. The number of financial services offerings rose from the first quarter of 2014 (5) to the first quarter of this year (9). However, the overall value of the financial services IPOs fell, by more than 50 percent.
Other bad news from the Renaissance report centers on healthcare and biotechnology IPOs: just in the first quarter of this year, eight of the 10 worst-performing offerings were from the healthcare space.
Also, private equity offerings did little to prop up the IPO pipeline; Renaissance counted just 5 IPOs from private, the least active quarter for LBO shops since 2009.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas
- IndiGo places order for 30 wide-body A350-900 planes
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market