The NYT had an interesting piece this morning, detailing the numbers and percentages of IPOs brought out by various underwriters, firms which are now under $1 or even delisted. It must have been a madness, as the rates of effectively failed IPOs spiked from about 1 percent to 12 percent in the most recently calculated period. It's tempting to say "what were we thinking," but we all know what we were thinking - that it seemed to good to be true, but worth a shot.
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Posted by esinclai at April 15, 2001 04:33 PM |