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 The value of pulled and withdrawn deals in the US has hit $13.1 billion, a record, and up as much as 146% on last year.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.
Companies in the EMEA region have also had their hopes dashed.
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