Skip to main content

Posts

Showing posts with the label 2012-: Today's Top Headlines

DealBook | DealBook -October 5, 2012-: Today's Top Headlines: The I.P.O. Blues

Friday, October 5, 2012 TODAY'S TOP HEADLINES   BY WILLIAM ALDEN The I.P.O. Blues The market was not kind to young companies trying to go public this week. The latest casualty came on Thursday, when Dave & Buster's Entertainment, the restaurant-and-arcade chain, withdrew plans for an I.P.O. The chief executive, Steve King, cited the usual reasons: "current market conditions are not optimal." (Mr. King may have more to say this morning on CNBC at 10:45 a.m.) Months after giving Facebook a chilly reception, investors are still skittish about new listings. The Berry Plastics Group fell 5 percent in its debut on Thursday after pricing its stock at the low end of its expected range. The I.P.O. was a black eye for Berry's private equity owner, Apollo Global Management, which is set to test the market next week with another company, Realogy, in a potential $1 billion I.P.O. It doesn't help investor confidence that those newly