Morning Scan: IPO Market's Woes Drag Down First Data; GM Pushes...

Wall Street Journal

The IPO market has been dreadful of late. A few big-name financial-services companies held IPOs last year and they have been hurt by the carnage. First Data raised $2.82 billion from its Oct. 14 IPO, but since then its shares have fallen 29%. Square had to sell shares in its IPO below the level at which the company was valued by private investors in 2014. However, Square's stock has risen 11% since its...