Renaissance Capital’s Kathleen Shelton Smith talked about the market for coming new issues including Facebook.
Social media companies have commanded the headlines in the initial public offering market for 2011, a trend that’s expected to continue in 2012 when Facebook unveils its widely expected plans to come public. But while public issues of Groupon (ticker: GRPN) and LinkedIn (LNKD) have commanded the headlines, the IPO market has been more diverse, including the return to the public market of General Motors (GM), the retailer Dollar General (DG) and Arcos Dorados Holdings (ARCO), the franchisee of McDonald’s (MCD) in Latin America.
The performance of the IPO market, however, has suffered as overall market volatility has wrought havoc …
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