The afternoon deal: IPO gloom
Few like to hear words like “softening” or “plateauing” but they’ve been thrown around today after Travelport axed its planned $1.8 billion IPO. A cautious eye is now being cast upon planned sales of travel firm Amadeus and retailer New Look.
Of the 62 IPOs launched globally since December 1, 2009, 32 were shelved — 15 in the U.S., 7 in Europe and 10 in Asia.
More from the Web:
Amadeus To Review IPO Options After Travelport (Financial News)
IPO Market Showing Signs Of Softening? (RTTNews)