It was a slow week in the IPO market, which, besides the usual February lull as companies update financial statements for year-end, should be expected in a week shortened by President's Day. As the IPO market remains almost completely flat, the media continues to focus on private funding and mergers and acquisitions. Just one company, Yangtze River Development
Last week, 81% of 2015 IPOs were trading below issue. That improved this week to 75% of 2015 offerings, one small improvement in an otherwise frosty IPO environment.
Update: Since there are no new issues to comment on this year we will update you on all of the 2015 IPO's. Two weeks ago 81% of all IPO's released in 2015 were trading below their initial offer price. This improved last week as now only 75% of those IPO's are still under water. The markets also had a nice week as the bulls attempt to save the sinking ship that is the S&P 500 and Nasdaq 100