The IPO Buzz: Flops and Fast Traffic
If you think Wall Street’s investment bankers couldn’t get out of town fast enough after a disastrous IPO week, think again. The week was much better than most thought.
There was one thing that the end of February and the beginning of March had in common. If it weren’t for the issuance of “blank check” IPOs, there would have been no IPO market.
March 6, 2006 Read MoreFebruary 2006’s IPO production line closed down early this year. The last of the month’s traffic was priced and traded on Friday, Feb. 24, 2006. That leaves only Monday evening, Feb. 27, 2006, for bankers to price anything. And in all probability, that’s not going to happen.
February 27, 2006 Read More