The company also postponed its shareholders meeting until July 11.

But some analysts see the drop as evidence that companies are merely postponing purchases until the new year.

The number of new issues dried up as companies postponed or canceled offerings.

Many magazines and newspapers have lost other revenue as companies pulled or postponed their planned advertisements.

But last month, the company postponed the offering because of slack demand.

The company could also postpone an offer, they said, and jump into the auction later.

The two companies recently postponed their introduction until next year.

In Germany, at least 25 companies have postponed or delayed plans to go public.

But the company, nervous over investing more money, has postponed the project.

After gauging customers' resistance, the company has postponed plans to charge for it.