Facebook, volatile market put damper on IPO killings
Making a killing on initial public offerings used to be easy.
At the peak of the technology boom, little more than a decade ago, a plentiful supply of companies vied to sell stock on the exchanges, and investors were assured mouthwatering returns.
Fred DeMarco, a trader with Bay Crest Partners, talks into a headset during early trading Tuesday at New York Stock Exchange. AP Photo
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These days, the deals are fewer and the returns more modest.
Companies are set to raise more than $45 billion through IPOs this year — the most since 2007, according to data provider...
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