The easiest place to find bad news (or rather no news) is the initial public offering market, where there were no venture-backed IPOs this quarter, and only a handful of offerings from private equity-owned companies. And at the rate that companies have been withdrawing offerings, things are unlikely to turn around in the third quarter.
The early take on the M&A side, while not as bad, still isn't pretty. PeHub put out early preview stats Monday revealing:
- Global M&A is down 26%
- Global private equity-sponsored M&A is down 75%
- U.S. M&A is down 41%
- U.S. private equity-sponsored M&A is down 84%
With stats like that, it's no wonder dealmakers are so gloomy. - George White
See PEHub post
Its the last day of the second quarter, but the dire stats of dealmaking are already coming in.
