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IPOs Took a Big Hit in 2008

Like mergers and acquisitions, Initial Public Offerings have fallen off the charts in 2008. So far this year, some 102 firms have pulled out of the IPO pipeline. The only IPO since August has been a $126 million deal by Grand Canyon Education Inc., a college manager.

All in all, IPOs saw a 43 percent decline from 2007. To blame are the volatile, drooping stock market and the lack of credit.
Will it get any better? Maybe not until well into 2009.

However, more stable stock markets over the last several weeks have renewed some stability which generally favors IPO launches.

But it might well be July before IPOs make any kind of rebound.

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