IPOs lowest since meltdown

Bloomberg reports IPOs in 2012 raised $112 billion globally, the lowest since 2008.

“Initial sales in western Europe dropped to one-third of last year’s level, while concern about China’s economy helped cut proceeds in Asia by almost half. U.S. offerings raised $41 billion, little changed from last year, as Facebook’s IPO spurred a month-long drought in U.S. deals,” the report explains.

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