Global IPOs Slump to Second-Lowest Level Since Financial Crisis

Global IPOs Slump to Second-Lowest Level Since Financial Crisis

Tomohiro Ohsumi/Bloomberg

Yoshiharu Ueki, president of Japan Airlines Co. (JAL), prepares to strike a bell during a ceremony for the company's initial public offering at the Tokyo Stock Exchange in Tokyo, on Sept. 19, 2012. Japan Airlines Co. completed 2012’s biggest IPO since Facebook Inc.