IPOs: Still in a Deep Freeze

The tough stock market is slowing the pace of initial public offerings to a crawl, even as many companies crave capital

Despite the hunger for capital by startup firms, the dicey stock market is scaring them away. The market for initial public offerings, or IPOs, is nearly frozen, experts say, and won't thaw again until the stock market stops its downward spiral. "Folks are scared because there is so much uncertainty in the broader economic scene," says Tim Walker, an IPO watcher at Hoover's.

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