IPO's Might be Back in Europe
from the tippy-toe-around-the-market dept
What did a European aggregated buying Internet company do when the markets went through their recent rough period? Slash their offering price and delay slightly. This seems to have worked as a strategy for letsbuyit.com. Their stock rose 84% after their initial offering and then settled to an increase of 34% at the end of the trading day. This may be a sign that the market is getting an appetite for IPO’s again (only more of the same will give us a better indication).