Market players are sceptical about the future prospects for new issues. That leaves IPOs on the back burner.
Investors are really resistant to any new offerings.
If the number of offerings made during the period between January and mid-March this year is any indication, there is a clear sign of decline in primary issues. Others haveeither withdrawn from the market or postponed their decision. According to sources, even those companies who have managed to go public may delay their listing because of the crisis in the stock market. The IPO market is not favouring tech companies right now since investors have burnt their fingers. Nevertheless, some investment bankers are of the opinion that there are some factors, which could probably bring cheer to those companies that have been postponing their issue plans for quite sometime.