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First IPOs of Second Quarter Face Delays, Downsizings, Declines

The quarter is starting with more signs of weakness across the global market for initial public offerings.

Thursday’s planned listings including Frontier Group Holdings Inc. are encountering poor trading, postponements and reduced deal sizes. They follow a collapse by Deliveroo Holdings Plc in its London debut and the worst start for a Hong Kong IPO in three years on Wednesday. The mounting troubles for IPOs arrive while the market market surges to all-time highs to start the second quarter.