Historical Chart Of Initial Public Offerings

Trader’s Narrative writes:

I know that the IPO market activity is a contrarian indicator for the stock market but this is ridiculous! The present public issuance market is the worst we’ve seen since the vicious bear market of the 1970’s. The last IPO to grace us was Grand Canyon Education (LOPE) back in November 20th, 2008. Before that, we had Rackspace Hosting (RAX) on August 8th, 2008 and China Mass Media (CMM) on August 4th, 2008.

Can you believe for the whole year, we only had 20 IPOs?

Source: Prof. J. R. Ritter – University of Florida

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via Trader’s Narrative

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