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Article: Amid Plunging IPO Activity in 2008, CCMR Finds That U.S. Public Equity Market Competitiveness Continues Its Decline
- Article from:
- U.S. Newswire
- Article date:
- September 3, 2008
CopyrightCopyright 2008 U.S. Newswire. Provided by ProQuest LLC. (Hide copyright information)
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To: BUSINESS EDITORS
Contact: Glenn R. Hubbard of the Committee on Capital Markets
Regulation, +1-212-854-2888, ws2187@columbia.edu
CAMBRIDGE, Mass., Sept. 3 /PRNewswire-USNewswire/ -- The
Committee on Capital Markets Regulation ("Committee") today released
its findings documenting the huge second quarter decline in IPO
activity in the United States and foreign markets, a continuing
reduction in the ability of U.S. markets to capture IPOs, and a
failure by U.S. markets to list any of the largest IPOs in 2008.
To be sure, these findings, part of the Committee's
competitiveness update for the second quarter, underscore the savage
impact of the credit crisis on U.S. markets. But they also ...