The IPO Buzz: Deep Freeze
By: John E. Fitzgibbon, Jr.
March roared into town like a lion. It produced winter’s worst storm as temperatures plunged, the winds blew and snow piled up to over 10 inches. In the meantime, Wall Street was hit with its own version of a winter storm. The major U.S. stock indexes lost 6 percent to 7 percent for the week, while the IPO market stayed in hibernation.