Market sell-off claims IPOs; 8 cancel deals

Aug 10, 2011 By TALI ARBEL , AP Business Writer

(AP) -- Wall Street's recent gloom is laying waste to the hopes of companies planning to raise money from investors.

Of the 11 companies slated to go public this week, eight have canceled their initial public offerings and one has slashed its deal size in order to get the transaction done.

The recent in the is hurting demand for IPOs. That's a reversal from earlier this year, when big debuts from technology and retail companies had analysts predicting the strongest year for new listings since before the .

Only one company has gone public in August, after eight launched in the last week of July.

Two-thirds of those recent IPOs have declined since hitting the market, losing their investors money in this month's market rout.

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Techno1
not rated yet Aug 10, 2011
I am for regulation of the Stock Market, as well as increased transparency in corporate revenues and records keeping (even if it requires some changes to the 4th ammendment...)

The stock Market creates "Artificial wealth" by decietfully driving up or down the price of goods. Take the price of Gold, which changed by like $80 in the previous two days. Did the value of Gold change that much? No. Nobody announced any new technology, like Gold Fusion, or a nanotechnology, nor a time machine, nor anything else that runs on Gold.

So the change in price is an ARTIFICIAL change in wealth.

If you bought and sold gold at the right time in the past two weeks, you could make something like 200 dollars per share, just by moving around digital numbers in a computer account, and having done no real "work," and having produced no real goods or services.

This is FRAUD, yet it is somehow perfectly legal...
Techno1
not rated yet Aug 10, 2011
It's not just Gold, most of the major stocks and bonds are like that. It's not an "investment", it's a fraudulent manipulation of wealth, often performed entirely with digital currency, and with no actual "exchange" of goods or services...

I believe there should be a law making it impossible to sell a stock or bond within 7 days of having purchased it, this to help prevent short term daily market manipulation and exploitations, such as in the fluctuation of the price of Gold and other metals, as well as currencies...