New research sheds light on pulled IPOs

The failure of Digicel Group to launch its initial public offering (IPO) has raised questions about the reasons why Denis O’Brien decided not to go ahead.

At one level the issue is perhaps not that hard to fathom — a telecoms company focused primarily on emerging markets is going to be a tough sell when global economic conditions are deteriorating.

But what do we know about what happens to companies that have either pulled IPOs in advance or have failed to raise the funding that they expected?