First Data's weak debut shows perils of IPO market

The year's biggest initial public offering ended with a whimper on Thursday, highlighting companies’ narrowing funding options as investors eschew risk. U.S. payment processing company First Data Corp, controlled by private equity firm KKR & Co LP, raised $2.56 billion in its stock market debut, a steep drop from the $3.7 billion originally targeted. Almost two months after a stock market rout injected volatility and risk aversion into the IPO market, private equity firms and venture c