We've already seen that the first quarter of 2015 was pretty uninspiring as far as the overall stock market goes, but new figures from Renaissance Capital indicate that it was a weak quarter for the IPO market as well. There were just 34 companies making their initial stock offering in the first three months of the year, down from more than 60 in the fourth quarter of 2014.
We haven't had a quarter with so few IPOs since the first quarter of 2013. Maybe more importantly, the companies making those stock offerings raised just $5.4 billion - the lowest quarterly total since 2011.
The unexciting stock market is only part of the story, though. There is still a strong market for venture capital, which has left hot new companies like AirBNB, Pinterest and Uber with plenty of capital - without having to take their companies public.
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