Thursday’s market swoon derailed much of the initial public offerings market, according to Yahoo Finance.
The tech-heavy Nasdaq Composite Index plunged 3 percent, its worst single-day decline since Nov. 30, 2011. Recent IPOs and other fast-growing, unprofitable companies were among the hardest hit.
Although seven companies were scheduled to go public after the close Thursday, only three actually made it: Mediterranean restaurant chain Zoe’s Kitchen, energy infrastructure operator Enable Midstream Partners and livestock drugmaker Phibro Animal Health.
Still in the running is Vancouver-based Papa Murphy’s International, said a spokeswoman for the take-and-bake pizza chain. On March 11, the company filed an S-1 form with the U.S. Securities and Exchange Commission in the hopes of raising $70 million as a Nasdaq listing under the symbol “FRSH.”
