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Market Update Archive: 
Hard Week for IPOs
Jul 02, 5:36 PM EDT
A hundred and six companies have launched IPOs during the first half of 2006, and 51% of them are currently trading above their offering price.
Retailer J. Crew Group, which surged 28% on its first day, was the only bright spot in the IPO market this week. Two other IPOs priced below forecast range, one was amended with a downgraded forecast range, and three others were postponed or withdrawn. Stock markets have tumbled since May on worries about inflation and interest rates.
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