Review of 2008: Economy weakens, investors baulk, IPOs fall by the wayside
This article was originally published in Clinica
One year ago, when New Stock Tracker looked back over the medtech IPOs of 2007, the sub-prime mortgage crisis and the subsequent economic downturn had just started to wreak havoc with companies' chances of going public. Now, with the credit crunch in full effect, 2007 is looking reasonably prosperous compared to 2008, a year in which medtech firms struggled to reach even flotation, let alone provide investors with a significant return. Indeed, 2008 was a year to forget for IPOs in general, not just in the medical device sector.