The faltering stock market prompted 19 companies to postpone initial public offerings and 14 more to withdraw altogether in April, illustrating why investors remain worried about the sustainability of revenue for big brokerages that take companies public.

The 33 postponed and canceled deals would have raised about $8.3 billion for the companies, generating $581 million of investment banking fees, based on an average fee of 7%. Among the bigger deals, AltaVista postponed - for a second time - its $1.1 billion offering, led by Morgan Stanley Dean Witter, and Crown Media Holdings postponed its $1 billion deal led by Donaldson, Lufkin & Jenrette.

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