IPOs (initial public offerings) are a huge event in a company's life and definitely worthy of celebration. That said, they're not the be all and end all that many expect them to be. Just ask the folks at Vonage what they think of their post-IPO fortunes.
Just as many things can go wrong after an IPO as before. And public companies have increased legal and financial scrutiny, plus the Sarbanes-Oxley tax to boot.
Sure, IPOs are a liquidity event, but that doesn't mean you'll necessarily cash out before things fall apart. The following ten companies, which I followed for some reason or other, fizzled after their IPOs:… Read more