Looking at the condition of the IPO markets in US, Accretive Health Inc. and ReachLocal Inc., have decided to reduce the size of their IPO offerings. The decrease is as much as 44 per cent and has been the outcome of the falling markets in May.

Both the companies come from different sector. While Accretive is into the business of outsourcing healthcare bills, ReachLocal is into the business of helping small and medium enterprises to buy online advertising area. This means that the fall has been overall in nature and that no one sector has been a lone sufferer.

Accretive was able to raise only $120 million from the market. It was expecting to raise $213 million, said the information given by the company to SEC.

ReachLocal was able to raise $54 million after reducing its offering price by as much as 32 per cent.

Analysts have said that this fall is the biggest, after the stock markets surged, making them quite volatile. There have been as many as 17 IPO withdrawals this month worldwide. A large number of them have been in US.