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Report: 2008 IPO Market Obviously Lousy

in News on December 11, 2008 at 5:40 am PT

With the economy in contraction and the stock market going all to hell, 2008 was not a good year for the IPO market. In fact, volumewise, it’s looking like it was one of the worst in the last 13 years. Global IPO activity has more than halved since 2007, according to Ernst & Young’s year-end Global IPO update.