That Time We Halted an IPO
by Mr JugglesOur crack analysis of the Classmates.com IPO The Best S-1 I Have Read Today proved prescient. Today, United Online (NASDAQ: UNTD) withdrew the Classmates.com IPO due to “market conditions.” According to our proprietary corporatespeak translator, this means “no one fell for our ludicrous ploy.”
Recommendation: When choosing between an investment in Goldman Sachs (NYSE: GS) or Long or Short Capital, remember who brought you the Classmates.com IPO and who told you to short it.
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They must have run out of shrooms and the magic dancing money fairy disappeared.