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Over the murky pond
The $17.9 billion (£8.9 billion) IPO of Visa last week may have broken US records, but it represents little more than a one off. Here’s why.
Only 24 IPOs have been completed this year, with a number of
And it’s not just the
The struggling IPO market is being blamed on the slowing economy, weakness in the financial sector, the rocketing price of oil and the slide of the greenback. Although a number of companies are in the process of listing, the general consensus is to sit tight and ride the storm.
Indeed, Renewable Energy Group and Pogo Jet are two such companies, their planned floats have been put on the backburner.
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