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Tue Dec 22, 2015, 09:19 AM

IPOs Collapse, “Worst Year Since 2009,” Worst Dec. since 2008


IPOs Collapse, “Worst Year Since 2009,” Worst Dec. since 2008
by Wolf Richter • December 22, 2015

[font color="blue"]Party over: “Pent-up supply” in a world with no demand.[/font]


“We all thought that we might finally get a year where we would be able to put four quarters together,” UBS global head of equity capital markets Sam Kendall told Reuters. “If you looked at the pipeline and how people were thinking about the world, it just felt good. And then the wheels came off.”

The two measly IPOs in the US in December brought the total for the year to 170, down 38% from 2014, according to Renaissance Capital. By that measure, it was the worst year since 2012.

In terms of dollars, only $28.7 billion in IPOs were booked in the US in 2015, down 48% from 2014, and by that measure, according to Thomson Reuters, “their worst year since 2009.”

Numerous IPOs were pulled or shelved this fall due to “turbulent markets,” as it’s called. They included some LBO queens, owned by private equity firms, such as supermarket Albertson and Texas-based luxury retailer Neiman Marcus that had gotten hit by oil bust contagion.

.....(snip).....

No one knows. But that’s what is now called “pent-up supply.” In a world with no pent-up demand, or any kind of demand, much of this “pent-up supply” might remain pent up for a long time. And many companies will never make it over the line. ......................(more)

http://wolfstreet.com/2015/12/22/ipo-window-suddenly-closes-worst-year-since-2009-worst-december-since-2008/




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Reply IPOs Collapse, “Worst Year Since 2009,” Worst Dec. since 2008 (Original post)
marmar Dec 2015 OP
Nay Dec 2015 #1

Response to marmar (Original post)

Tue Dec 22, 2015, 12:48 PM

1. Amazing! There is no pent-up demand because all these high-flying

companies and funds and rich people have spent their time figuring out how to rob, unemploy, overcharge, and otherwise bankrupt all the consumers that might possibly have bought their products and/or invested in their IPOs, and they wonder why no one cares about buying stuff anymore??

Jesus wept.

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