The flop of May has now turned into the Facebook flu for June, with only four deals expected to be priced in the U.S. before the end of the month and none since the social networking company's market debut. The average for June in the U.S. is 29.
The total number of U.S. IPOs for the year is 106, down 39 percent from 2011.
While Facebook makes an easy target to blame for the IPO drop, economists say uncertainty around the world, particularly with the European debt crisis and the slowdown in the U.S., is discouraging new companies from coming to the publicly traded markets.
"What we're going through here is a highly uncertain period of time. Obviously, there are reasons why this is happening," said Peter Cardillo, chief market economist at Rockwell Global Capital in New York. "The global economy and, domestically, the election are impacting the IPO market more than any other issues."
Globally, the IPO picture is no better.
Edited by Rogerdodger, 21 June 2012 - 11:19 PM.
