IPO Market is Squishy

Lower sticker prices are everywhere in the IPO market, but not everyone likes the idea:

… what’s good for buyers isn’t all that good for venture capital firms and large private equity firms, which rely on a healthy IPO market to cash out some of their investment portfolio. Just 10 venture-backed companies came public in the first quarter, the fewest in six quarters.
…Of 18 IPOs launched since April 1, five cut their price target, two were raised and the rest were unchanged. Four firms, including Boise, pulled their offerings …