Mergers & Acquisitions
Aug. 10, 2011
IPOs falling victim to market decline
Monday's historic stock market plunge was a body blow to start-ups looking to go public-and the lawyers that advise them-just when the market for initial public offerings had come back to life.
Daily Journal Staff Writer
PALO ALTO - Monday's historic stock market plunge was a body blow to start-ups looking to go public - and to the lawyers who advise them - just when the market for initial public offerings had returned to life.
The NASDAQ fell 6.9 percent and the Dow Jones Industrial average dropped by 5.6 percent, the worst one-day loss since December 2008. LinkedIn Corp., Pandora Media Inc. and Zillow Inc. - al...
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