Following Standard & Poor’s downgrading of the U.S. credit rating from AAA to AA, a record number of companies delayed their initial public offerings this week, wary to sell their shares on the public market. About 83 percent of this week’s scheduled IPOs, between 9 and 13 events, were delayed or postponed indefinitely, the record for “most [IPO postponements] in one week in more than a decade,” said Bloomberg’s Emily Chang. READ MORE
