The worst drought in decades for the U.S. market in initial public offerings has shown that companies in all sectors are struggling to go public. But financial companies, from private equity firms to banks and insurers, are experiencing a particularly bumpy road. The few companies with deals in the pipeline are in for a long wait before they can hope to go public, analysts said. The credit crisis has turned the shares of many blue chip financial companies into penny stocks, and almost all recent financial IPOs have flopped. Early last week, the private equity firm Kohlberg Kravis Roberts became the latest company to say it would wait out the storm in the markets. After the Amsterdam-listed affiliate of the famed buyout shop suffered big losses, Kohlberg Kravis Roberts postponed its listing on the New York Stock Exchange,...
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