US IPO market to slow after US$6.1bil busy week

Big offer: Lineage management, family members and employees at the firm’s IPO in New York. The storage and logistics giant raised US$4.4bil – the year’s biggest first-time share sale. — Bloomberg

NEW YORK: The pricing of Lineage Inc’s US$4.4bil first-time share sale helped make last week into the busiest for US initial public offerings (IPO) in two and a half years.

That excitement will be short-lived, according to bankers, who predict the rest of the summer will be more subdued.