Wave of $15 Billion US IPOs Runs Headlong Into War’s New Phase

Investment bankers are hitting the road to raise more than $15 billion across initial public offerings in the coming weeks, nervously eyeing market volatility as a standoff with Iran threatens a fragile ceasefire. The success of a string of deals, led this week by a $2.23 billion IPO for ventilation and filtration systems provider Madison Air Solutions Corp., will be closely watched. Bankers are l