Zero… nada… zip! That's how many IPOs have started trading on US exchanges in 2016 so far…
As Bloomberg reports, at this rate, January is on track for the slowest month for IPOs since December 2008, when no companies filed after the bankruptcy of Lehman Brothers Inc.
In fact, January 2016 was globally the worst month for capital formation (IPOs) since August 2008…
And not even the insiders are particularly hopeful…
An IPO market recovery may take a while, said Tom Farley, president of NYSE Group Inc. “They will, by and large, IPO eventually. The question is when,” Farley said in a Bloomberg TV interview at the World Economic Forum in Davos, Switzerland. “It is likely a matter of months, not days or weeks.”
via Zero Hedge http://ift.tt/1KAvy4w Tyler Durden