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Israeli IPO Flop Seen as Brief Lull in Record Deal Boom

The record boom in initial public offerings stalled last week when Adama Agricultural Solutions Ltd. shelved a $423 million deal. To many bankers and analysts, the lull in the IPO market will prove fleeting.

The Adama flop is “very company specific,” the result of slumping commodity prices, Josef Schuster, founder of research firm IPOX Schuster LLC, said by phone Nov. 21. “The broader IPO market is as good as it was in the late 1990s. It’s a very good environment.”