Investor skittishness hurting financial-services IPOs

Subprime losses of up to $100 billion in the U.S. have hurt initial public offerings from financial-services firms. The IPOs of hedge fund Man Group PLC's MF Global brokerage unit and of Blackstone have both disappointed investors this week. "Traditional investors have become a little bit skittish," said one investment banker.

View Full Article in:

Financial Times (free content) · Wall Street Journal (tiered subscription model), The

Published in Brief: