With the tremendous volume of new issues, unlock dates are gaining prominence. So how should IROs handle them?
By now we're all used to reading the business press about the proverbial college senior with a dream and something marginally resembling a business plan scrawled on the back of a bar receipt. With the precipitous dip in dot-com fortunes, however, his vision of an internet site that caters to high-end buyers of utensils will never warrant an IPO or the post-graduation millions he anticipated.
At this point, given the demand investors have been making on dot-coms - for a moderate rationale for
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