Profit

Weak market sees big drop in IPOs

PUBLISHED ON: July 1, 2008 | Duration: 2 min, 10 sec

  
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The bear party is on and what is on plate for dinner is the IPO market. The figures suggest the number of companies going public in the first half of 2008 have fallen by 44 per cent as compared with 2007. And of the 30 companies that listed, almost 85 per cent of them are trading well below their issue price.
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