NEW YORK - U.S. companies planning to launch initial public offerings (IPOs) in the coming weeks are hoping that August’s bout of stock market volatility will subside this month, according to investment bankers and capital markets lawyers advising them.
The U.S. trade war with China caused the stock market to seesaw in August. The CBOE Volatility index .VIX, Wall Street’s fear gauge, rose around 17.7% last month, the second-biggest monthly jump so far in 2019. Last month was also the worst August for U.S. stocks in four years.
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