It must be a pretty lonely feeling for Grand Canyon Education, Inc (LOPE). When their S-1 was declared effective on the 19th, they became the first company to go public since August. They took their lumps yesterday (IPO price was $12.00, first trade on NASDAQ was $10.00), but the last time I checked, they were trading at $12.12.
It made me wonder how many IPO dreams have been cruelly extinguished by the current crap market. 50, it turns out: the Registrations & Prospectuses search on Westlaw Business helped me find them. Under the "Deal Info" tab, I put "IPO" in the "Deal Description (contains)" field and "withdrawn" in the "Registration Status" field. This search returned 50 registrations statements withdrawn since August 1st. The list is in reverse chronological order by withdrawal date. Some of the underlying S-1s were filed as long ago as March!
Of the ten most recent withdrawals, six cite adverse market conditions as the cause - the other four don't provide an explanation. I also found a couple of deals that were withdrawn because the issuer decided to do a private placement or was merged out of existence.
Many thanks to Leroy at WB for helping me find this information!
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