(CNBC) — Facebook's mammoth initial public offering on May 17 was supposed to serve as a shining example of American technological prowess in the open marketplace.
Instead, it seems to have reflected the nation's waning economic prospects, and actually presaged a sharp drop in companies going public.
Normally a strong time for IPOs, this June is on pace to be the worst in nine years, according to data from Dealogic, which said the month is usually the third-best of the year behind October and November.
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But the Facebook flop of May has now turned into the Facebook flu for June, with only four deals expected to be priced in the U.S. before the end of the month and none since the social networking company's market debut. The average for June in the U.S. is 29.