Initial public offerings are at a standstill in the U.S.
There have been no IPOs on the New York Stock Exchange since Dec. 18, when financial technology company Yirendai went public, marking the second-longest drought in the exchange's history, according to Dealogic, a New York-based financial services firm.
The last time the NYSE encountered a similar drought was during the financial crisis, when there were only two offerings from Aug. 7, 2008, until Feb. 10, 2009.
"You look at the whole stock market, and it's moving back to a more value-oriented [mentality] from a more growth-oriented mentality," Kim Forrest, senior equity analyst at Fort Pitt Capital, said in a phone interview. "I think that change could make people pull their IPOs till later."