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News Summary: Life after Facebook's IPO
By The Associated Press
AP /
June 21, 2012
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A FREEZE? No company has gone public since May 18, the day Facebook began trading on the Nasdaq exchange, compared with 19 in the same month a year ago. And 14 stock offerings have been withdrawn or delayed, according to Dealogic. None are scheduled this week.
VC WORRIES: Venture capitalists say the fallout from Facebook’s rocky IPO is making companies — especially those in the technology sector — cautious about going public.
NOT JUST FACEBOOK: Facebook’s IPO capped the worst week of 2012 for U.S. stock markets. The European debt crisis isn’t making financial markets any more conducive to IPOs.
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