Volatile Market, Worries Investors and Hits the IPO Ambition of Companies

Volatile Market, Worries Investors and Hits the IPO Ambition of Companies

The volatility in the market is keeping the investors on guard and that's giving the companied a jitter to offer their IPO.

Recently, First Data Corp. offered its IPO and raised lesser than it had expected from its offering. Looking at the investor mood, Albertsons Cos. postponed its IPO on Wednesday, at the time when the market is volatile. The conditions lingering in the market are keeping the pricing ambitions of the companies under check.

The third quarter was rather modest both in the total number of companies in the U.S going public and the amount of money raised, which touched the three year lows. However, earlier the sizable offerings from First Data and Albertsons hint at a likely upturn in the three remaining months of the ongoing year. That might not be the case anymore as Digicel Group Ltd., the mobile-phone network provider owned by Denis O'Brien, the Irish billionaire, last week canceled its sale of initial shares. The company also citing the current volatility in equity markets for its decision.

First Data reduced the pricing of its shares by $2 than the low end, which it had proposed in earlier.

Companies: 
General: 

Popular Stories

Researchers record baby humpback whales 'whispering' to their mothers

Revealing a previously unknown survival technique... Read More

Waymo offering free rides to people in its self-driving minivans

Google Inc.’s self-driving car unit Waymo is... Read More

AT&T releasing updates for Galaxy S8, Galaxy S8 Plus

U.S. network provider AT&T is reportedly... Read More

Mobile phones can cause brain tumours: Italian court rules

In a landmark ruling, an Italian court has... Read More

Duluth to host ‘March for Science’ on Saturday

Duluth’s nonpartisan “March for Science” will be... Read More

Americans are more distressed than ever before: study

A new study has revealed that more Americans than... Read More