|
||||||||
The year had been billed from the outset as one in which private equity sponsors and governments would realize assets by returning them to public stock market ownership. Yet many new issues in the US and Europe underperformed in the aftermarket, trading below issue price. And almost every week brought news of more cancellations of initial offerings scheduled in the US and international markets, with the markets all but closed for long stretches in the first two months of the year and in the early summer.
Thanks for your interest in Euromoney!
To unlock this article:
