April 15, 2001
The NYT had an interesting

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.

Posted by esinclai at April 15, 2001 04:33 PM |
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