The market for initial public offerings in the United States suffered its worst quarter since the third quarter of 2003, as canceled IPOs easily outpaced the number of new offerings, according to preliminary Thomson Reuters data.

Shares of crop nutrient producer Intrepid Potash, which priced at $32 a share in its initial public offering, soared nearly 60% in its first day of trading on the New York Stock Exchange.

Shares of Japan's Seven Bank jumped 17 percent in their market debut on Friday following a $483 million IPO as subprime-rattled investors embraced the firm's low-risk model of earning fees from cash machines.

Indian billionaire Anil Ambani's Reliance Power raised $3 billion within a minute when the country's biggest initial public offering was fully subscribed on Tuesday as investors flock to new issues in the booming economy.

Hong Kong regulators may ban the practice of tycoons buying into initial public offerings as so-called "cornerstone" investors after criticism that the practice is unfair to ordinary investors, the South China Morning Post reported on Wednesday.