Post Alibaba, IPO Rocket Ride Of 2014 Losing Thrust
The IPO, on its hottest pace since 2000, is showing signs of cracking. Since the blockbuster initial public offering of Alibaba Group (BABA) on Sept. 19, which coincided with an all-time peak for the S&P 500 index, a growing number of IPOs are coming to market at prices below the companies’ expectations but falling even lower after trading begins. That trend indicates waning interest among institutional investors and hedge funds, which drive IPO