Report: IPOs headed for 6-year low

The market for initial public offerings is headed for a 6-year low not seen since the economy imploded in 2009, according to a report from Renaissance Capital.

There have been 168 IPOs so far this year, raising $30 billion, which is the lowest mark since 2009, according to the report. There were 275 public flotations last year and 222 in 2013, Renaissance said. There were an average of 136 IPOs per year from 2010 to 2012, the company said.

The subdued market means that the usual post-Thanksgiving IPO flurry, as banks look to price before the window closes in mid-December, isn’t likely to happen this year.

“In healthy years, December can see as many as 15-20+ IPO launches, but for 2015 investors should expect a very quiet month,” the company said.

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