Running the gamut from “bloodied” private equity firms to an oversubscribed Man Infra initial public offering, stories from today show the IPO market is on shaky ground and, as always, finding the right valuation is vitally important.
IPO stories from the Web:
Bloodied buyout firms sit tight for IPO return (Reuters)
“Private equity firms are putting flotation candidates back in the box after receiving knock backs from angry fund managers, and will try again in a couple of years when they hope the market will be more receptive,” reports Reuters.
Mega IPO of AIG’s AIA unit faces headwinds (Reuters)
“For handlers of AIG’s massive IPO of its Asian life insurance unit, getting investors to recognize the name and the size of the business is the easy part,” reports Reuters
No IPO in 2010, Yelp Says (WSJ)
“Investors hungry for Yelp shares might have to dine elsewhere for now,” reports the WSJ
Barrick’s African gold IPO will raise quick USD 1bn cash, minimum (Mineweb)
“While a good number of reasons have been given for listing African Barrick Gold, it may be a sign that Barrick itself has become too big,” reports Mineweb