Thursday, October 23, 2008


"First" of the Day: The death of IPOs

It's been 10 weeks since a company has held an initial public offering [IPO] in the U.S., the longest period on record since Thomson Reuters began tracking deals in 1980. The last deal occurred on Aug. 8, when Rackspace Hosting Inc. made its debut on the New York Stock Exchange. —Lynn Cowan reporting in "Absence of IPOs hits 10 weeks"

Initial public offerings, or IPOs, are the typical route for those hard-working, pizza-eating entrepreneurs you keep hearing about to cash in on their labor.

But now is a bad time to suggest to investors that they might like to buy an untested stock, especially since most IPOs issued in the past year are trading well below their initial price, Rackspace included.

Just when Simply Appalling was about to "go public"!

Related post
The Depression Chronicles – 1: Bankruptcies (4/19/08)


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