WASHINGTON: If you price it fairly, they will come.
That was the lesson learned by initial public offering (IPO) underwriters last week, when the first three deals of the year hit the market. The debuts of Celanese Corp, ViaCell Inc and SeaBright Insurance Holdings Inc were closely watched for indications of investor demand for IPOs, especially after a near month-long holiday hiatus marked by a declining stock market.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!