Pioneer Dec 21, 2008 IPOs May Lose Steam In 2009
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"The IPO scenario in 2009 is expected to be bleak and would be much tougher. The IPOs in 2008 were the leftovers from 2007, when there had been a rush of offers but the pipeline for 2009 has almost dried up, so we may not see any significant offer in the coming year," NexGen Capital equity head Jagannadham Thunuguntla said.
