There were just 43 initial public offerings last year, down from 272 in 2007 — and making 2008 the worst year for IPOs since 1978, Renaissance Capital says.
The immediate future isn't much brighter: There are no IPOs planned until mid-February. There were at least 10 IPOs each January over the last three years.
Monday, January 19, 2009
Sour stock market stalls initial public offerings
USA Today reports:
