Gone are the days when boom time for technology initial public offerings (IPOs) that showered money on technology companies and startup coupled with huge valuations for investors. Now the situation is totally different on renewed concerns about possible technology bubble burst following the IPO market in Silicon Valley is fast losing its sheen. The dwindling down of market valuations is forcing many companies to cancel their IPOs or postpone the issue dates which affects the US capital market.
valuations
Breaking News
U.S. stocks ended sharply lower on Tuesday, with major indexes falling 1 percent in heavy trading, as weak data out of Germany raised concerns about the strength of global growth ahead of the start of earnings season.
With two mainland China IPOs oversubscribed, consumer confidence indicates greater trust in new IPO shares.
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