Can The Market Handle $56 Billion in I.P.O's?
A record number of companies are seeking to file for an I.P.O. to raise a sum of more than $56 billion in cash, but is the market in any condition to handle the influx of companies seeking to go public?
Given the market's fragile state, it may face some difficulty, David J. Goldschmidt, a lawyer at Skadden, Arps, Slate, Meagher & Flom, told The New York Times.
“The stock market has effectively been in a recession since August 2007,” David J. Goldschmidt said, “And all this volatility and uncertainty makes it difficult to sell equity securities.”