European IPOs slump due to market jitters.
| Position | Update |
The amount raised by companies through initial public offerings (IPOs) in Europe dropped 71 per cent in the first quarter compared with the final three months of 2010, according to professional services firm PricewaterhouseCoopers.
The 94 floats in the first quarter raised just under [euro]3bn compared with 129 deals in the previous three months that raised more than [euro]10bn, according to PwC's latest IPO Watch Europe survey. Several large companies, such as Indian paper producer BILT Paper and oilfield services company Topaz Energy and Marine, decided to withdraw their IPOs.
PwC found that investors are being uncompromising about their...
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