IPO flops might show ‘exhaustion of the market’

By: Michael Tsang December 18, 2009

National Beef became the seventh U.S. company to postpone its initial public offering this quarter, capping a week in which investors also extracted price cuts from three private equity-backed IPOs. The Kansas City-based meatpacker that accounts for 14 percent of the federally inspected steer and heifer slaughter shelved its $293 million IPO on Thursday after underwriters ...

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IPO flops might show ‘exhaustion of the market’

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