NEW YORK: A broad sell-off in software stocks is starting to stall deal-making and initial public offerings (IPOs) in the sector as volatility makes valuations unreliable and potential buyers cautious, about a dozen financial advisers and dealmakers have told Reuters.
The months-long rout deepened last week, with the S&P 500 software and services index posting its worst three-month performance since May 2002, Evercore ISI equity strategists said.
