IPO market stuck, who will feel pain?

The flagging IPO market so far this year is a surprise. Now, that the SPAC segment is drying up, things look even more bleak. CNNmoney.com reports that just 6 companies have managed a deal this month (Renaissance Capital), down sharply from 32 companies a year ago in May. This, of course, hits all players, but none more so that Thomas Weisel partners. TheDeal.com notes that the firm lives and dies with high-tech IPOs, which are rare these days. So this may really mark the final chapter for the old Montgomery Securities, which seemed to live on via its star, the eponymous Thomas Weisel. You have to wonder what's in store for the firm.    

For more:
- here's the article from TheDeal.com

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