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Welsh Property Trust Cancels I.P.O. for 2nd Time
Volatile sliding stock markets, economic uncertainty and a rocky recovery in the real estate sector are weighing on investors’ demand for I.P.O.’s. Welsh is the third company to cancel its I.P.O. this week, following MagnaChip Semiconductor and Resaca Exploitation . In June, seven companies delayed or withdrew I.P.O. plans, according to I.P.O. research firm Renaissance Capital.

Read more on New York Times

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