IPO market worst in 10 years
Written on the original Movable Type site and recovered from the Internet Archive.
I learned something new today. Imperium Renewables pulled IPO is the largest pulled in the US so far this year according to Bloomberg. It is unfortunate that the capital markets are going badly for new issues just when the money is needed for investment to stave of off recession. That is how these things feed on themselves. Fear breeds more fear. Unfortunately this plays right into the hands of big oil and all the people who already control the economy and our gas tanks. Stupid.