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Happy Days Will Return

Traders Magazine, October 1998

John E. Fitzgibbon, Jr.

Once upon a time, in a land called happiness, initial public offerings exploded like popcorn. Now that seems like a long, long time ago. The world has since turned several times and the financial markets have changed.

The IPO market of yesteryear is no more. It has become a market of selected IPOs. And the September and October new-issues calendar underscores the dramatic change.

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