MLive.com: IPOs Struggle in Poor Showing for New Issues Demand for IPOs, already weak this year, took a turn for the worse Thursday. Three of five companies to price initial public offerings Thursday — including the $1 billion deal for phone book company Dex Media Inc. — priced well below expectations, while the other two priced at the bottom of estimates.
With so many IPOs, everyone is bound to find some contract to pique their interest. For the Fahrenheit 9/11 crowd, management consulting agreements between Dex Media and The Carlyle Group should satisfy them. Dex Media also filed those ever-popular employment agreements.