Equity market round up: Adverse market conditions hit IPO pipeline

Some 190 IPOs seeking to raise $33.1 billion in capital have been postponed or withdrawn across the world so far this year, according to Dealogic.

Globally, this represents an increase of 26% but US IPOs have been particularly hard hit. The value of pulled and withdrawn deals in the US has hit $13.1 billion, a record, and up as much as 146% on last year. Among the most high profile victims was fashion house Tommy Hilfiger, which pulled its plans for a $750 million IPO earlier this year.

The average percentage return for US IPOs one month after listing this year is just 5%, down from 8% for IPOs listed in 2007 year to date.