Business
Investor AM: IPO flop-o-meter
The prospects for initial public offerings are murky at best, but that hasn't stopped a host of tech companies from diving into the market and drowning quickly.Investors are snubbing their noses at questionable companies just days (sometimes minutes) after they start trading.
The prospects for initial public offerings are murky at best, but that hasn't stopped a host of tech companies from diving into the market and drowning quickly.
Investors are snubbing their noses at questionable companies just days (sometimes minutes) after they start trading. In addition, there's too much stock on the market -- IPOs, secondary offerings and the expiration of lock-up periods are flooding the market. Full story. -- Larry Dignan, ZDNet Inter@ctive Investor