How Accredited Home Lenders managed to go public in an IPO drought
Launching an initial public offering in today's parched capital markets is like searching for an elusive watering hole in the desert. You could die of thirst without seeing even a mirage of investor capital. Or you could almost quench your thirst at the shrinking IPO oasis.Only a few would-be public companies ventured to refresh their capital needs at the drought-stricken IPO waters in early 2003. Among them was San Diego-based Accredited Home Lenders Holding Co, a mortgage banking company that originates,
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