DealZone

The afternoon deal: IPO gloom

February 11, 2010

IBERIA/

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.

“The market remains open for good companies with good prospects that have a sensible raison d’etre for listing, but as a dumping ground for private equity? No, thank you,” says a UK fund manager.

More from the Web:

Amadeus To Review IPO Options After Travelport (Financial News)

Eyes Turn to New Look IPO After Travelport Blow (WSJ)

IPO Market Showing Signs Of Softening? (RTTNews)

A Gloomy Day for U.K. IPOs (WSJ)

Pity Those Poor IPO Bankers (WSJ)

Merlin puts £2bn flotation plans on hold (FT)

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