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IPO Market Grinds to a Halt Amid Ukraine Invasion Volatility

  • SPACs dominate U.S. IPO market as issuers stay on sidelines
  • Geopolitical risks add to jitters over tighter monetary policy
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Russia’s military attack on Ukraine has effectively shut the market for initial public offerings in Europe and the U.S., just as bankers were gearing up for a busier March after a slow start to the year.