Fledgling companies feasted at the trough of equity markets
during the late 1990s. But when the markets went bust in 2000, so
did initial public offerings. IPOs reached a peak of 443 in 2000
but then started to fall precipitously, according to a study
released recently by Dealogic LLC, a corporate finance data firm.
Dealogic currently pegs the IPO market at a 12-year low and reports
just three IPOs so far this year, with one business quarter already
gone by the boards.