Deals
IPO Filings Hit Post-2007 High Amid Losses; LBO Firms Seek Cash
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U.S. companies are getting set for the biggest wave of initial public offerings since the last bull market at the same time that IPOs get canceled at the fastest pace since the collapse of Lehman Brothers Holdings Inc.
HCA Inc., Zipcar Inc. and 89 other companies filed with the Securities and Exchange Commission last quarter to sell $23.6 billion of shares, data compiled by Bloomberg show. The last time more companies announced such plans was in 2007. In the past three months, 50 IPOs globally were shelved, the most in six quarters.