IPO withdrawals – Canaries in a Goldmine, Bats of Recession
What happens before a storm? The birds fly away, in flocks, in a panic - yes. But before that… IPOs or Initial Public Offerings make for great headlines. More so when they come from a boiler-plate that is exciting, successful, promising and much-awaited in the pool party. But when they bow out in a pre-mature way, they raise more than a few furrowed eyebrows. They raise red flags. Sometimes alarm bells too. Provided someone’s ears are listening closely to what the railway tracks are telling. Never Rains But Pours A series of cancelled or withdrawn IPOs have set forth curious and concerned, eyes to look up at the sky again. Whether it is the failure of brewer Budweiser APAC’s $9.8 billion Hong Kong listing or the shelving of lo …
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