Deals
U.S. IPO Investors Fatigued by Volatility Presume `Buyer Beware'
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The appetite for U.S. initial public offerings has all but dried up as investors wait on the sidelines for equity markets to stop flailing.
What would have been the three biggest U.S. IPOs of the year faltered as equity investors balked amid recent market volatility. In the span of about a week, Digicel Group Ltd. canceled a sale, First Data Corp. priced shares below a marketed range and Albertsons Cos. postponed an offering.