At least four companies managed to price their initial public offerings (IPOs) in New York on Wednesday, defying this week’s stock market volatility which led to three other stock market flotations being postponed. The S&P 500 and the Dow saw their sharpest drop in more than six years on Monday, and volatility has continued even as the indexes recovered some of their losses. This has made the steady investor demand typically required for an IPO scarce. IPO pricings that had been scheduled for Wednesday in New York for Cactus Inc, Evolus Inc, Victory Capital Holdings and Mudrick Capital went ahead. However, Victory Capital’s IPO was priced well below its $17 to $19 indicated price range, at $13 per share. Quintana Energy Services postponed its IPO on Wednesday, while Chinese wearable technology Huami had yet to publicly give an update on its IPO as of late Friday. “When the market has that kind of a swing, it has a negative effect on the IPO market,” said Kathleen Smith, principal at Renaissance Capital, which manages IPO-focused exchange traded funds. Published in Daily Times, February 9th2018.