But again, despite critical admiration and an initial flurry of public interest, these works proved nine-day wonders, not pieces that would appeal to general audiences and enter a company's repertoire.
On the whole, the best records, as measured by average annual return of initial public offerings, even including these blockbusters, did not belong to the flashiest venture capital outfits (see table, opposite).
At some point, we will start to see initial public offerings come to market, and if these do well, the urge to own biotech stocks will become even greater still.
Yup, according to a federal lawsuit in New York against ten securities houses, including Credit Suisse First Boston and Merrill Lynch (plus several of their institutional customers), these normally cutthroat Wall Street competitors got together to levitate the prices of initial public offerings, reaping billions of dollars in illegal profits.
Yup, according to a federal lawsuit in New York against ten securities houses, including Credit Suisse First Boston and Merrill Lynch (nyse: MER - news - people ) (plus several of their institutional customers), these normally cutthroat Wall Street competitors got together to levitate the prices of initial public offerings, reaping billions of dollars in illegal profits.
Many of these investments are being justified by the anticipation of some highly lucrative, initial-public offerings for tech companies in the coming 12 months.
Specifically, the costs associated with international portfolio managers ignoring these concerns are rising as a result of divestment campaigns, delays in bringing initial public offerings (IPO's) to market and new scrutiny by the Securities and Exchange Commission and the New York Stock Exchange.
These concerns have hurt the firm's share price ever since its high profile initial public offering (IPO) last year.
These high-profile analysts lasso investment banking clients, then hawk the clients' stocks 30 days after an initial public offering.
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