U.S. IPO Drought Deepens in Biggest Slump Since Financial Crisis
- Market currently heading for second week without any IPOs
- Once-in-a-decade lull comes as new listings lead stocks lower
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The U.S. market for new listings has shuddered to a halt and is now heading for its slowest period since the financial crisis over a decade ago.
No company priced a traditional initial public offering last week amid the war in Ukraine, according to data compiled by Bloomberg, and the calendar is blank for this week as well. That means the market is on track for its first two-week period without an IPO -- outside of a vacation period -- since 2009.