NEW YORK (AP) — A hot market for initial public offerings may soon face a cooler reception from investors.
IPOs are having their best start to a year since 2000. Eighty-nine companies have raised $19 billion through sales of new stock so far in 2014, according to Dealogic. But demand for more offerings depends largely on the health of the broader market, and after last week’s sell-off, the clamor from buyers may quiet down.
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