IPOs Stall . . . Except When They Don’t
One week ago, The New York Times’ DealBook blog featured a Reuters story with the headline, “As I.P.O.’s Stall, M.&A. Thrives.” The article cites various reasons why initial public offerings have been “less attractive” lately to many companies, who’ve “delayed their plans” to raise cash by going public.
Fast forward to yesterday, when Peter Lattman’s article on the “Glut of Pending I.P.O.s” appeared in . . . The New York Times. “Some 161 companies are seeking to raise more than $56 billion through initial public offerings,” Lattman observes, noting that the numbers haven’t been this high since the dot.com boom of 2000.