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Finance / United States

Biotech, Oil Company Pull IPOs, SPACs Still Listing

February 2008 | Top Stories

The news on the IPO front - at least as far as those backed by Private Equity are concerned - is more about withdrawals this week than fabulous debuts. So far in 2008, 16 IPOs have been cancelled, according to U.S. Securities and Exchange Commission filings, a significant increase against 11 during the first six weeks of 2007 and just seven IPOs cancelled during the same period in 2006.

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