Within less than 12 hours, LoanDepot Inc., a fast-growing mortgage lender, aborted its plan to go public and Fitbit Inc., the maker of wearable devices, priced a secondary offering below the previous day’s close. The stumbles don’t bode well for high-growth companies that are planning to sell shares to the public soon, including Square Inc., the mobile-payments service led by Twitter Inc. Chief Executive Officer Jack Dorsey. “Investors are likely not too keen on tech deals right now," said Tom Taulli, an independent IPO expert. “Probably not a good sign for Square.”...
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