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Accoona's IPO Backfires, Again |
| Published: August 24, 2007, 1:30 pm |
| Tags: business issues acquisitions amp investments |
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Web search IPO stalls on underwriter doubts from CNN Money reports that Accoona's expected $80.5 million IPO has failed due to their underwriter backing out. Maxim Group, their underwriter, backed out after completing an in-depth review of the company. The New York Times reported Edward L. Rose, the firm's vice chairman and general counsel for Maxim, said: After completing our due diligence review, we have chosen to disassociate ourselves with the company. Click to continue reading... [ Full article ] |
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