An IPO saga
You know that old saying about death and taxes, the two ironclad certainties in life? We might have to add a third about internet-related initial public offerings and how their short-term mega-profits seem etched in stone.
Look at the recent menu of www.internet IPOs. Marketwatch.com nearly quintupled in value to $96 on its first day of trading – an eye-popping rise of 474 percent. Priceline.com leapt 330 percent in its first day of trading, from $16 to $69, and rose to $130 per share
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