Last year, there were 257 American ipos; so far this year, only 132.
Those who will benefit most from Facebook and other ipos resemble the “1 percent” about as much as Wall Street.
The Wall Street Journal noted Monday that technology firms account for only 16 percent of ipos this year.
Some are holding off on plans to do ipos because of the Facebook fiasco.
In initial public offerings (ipos), a field “Wall Street” once dominated, we are no longer on top.