As a result, the window for initial public offerings (IPOs) remains shut for the foreseeable future.
“I don’t think the IPO window will reopen anytime soon. There is no reason for companies to pursue raising money in public markets now,” said Andrew Soare, analyst with US-based consultancy Lux Research.
Tags: bio-BDO, bio-BD, renewable oil feedstocks, chemicals, fuels, bio-based chemical companies, profitability, US fiscal cliff, US-based agribusiness, high-profile setbacks, PHA bioplastics, PEF, PET
Source: ICIS, 2013-01-10.