Companies become cautious of IPO market

12/2/2012 | Wall Street Journal/CFO Journal, The

At least 12 initial public offerings were withdrawn in November, according to Dealogic, suggesting that the IPO market is slowing as the year comes to a close. The last time so many IPOs were pulled was in December 2008, when 18 were withdrawn. There has been a surge of secondary offerings instead in anticipation of capital-gains tax increases.

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