The Federal Reserve shocked Wall Street on Wednesday with another interest rate cut. Investors loved the news, but will the good times last?
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Dealflow: Finali finagles $20 million; Televoke's $6.7 million could cramp teen spirit; Investors ogle Onetta, then fork over $56 million; Sienna's new fund hits $75 million; Ondotek pitches; and more.
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Merrill Lynch for turkey of the week? Maybe. As lead manager on three of four offerings this week, the investment bank may have difficulty regaining both issuer and investor confidence.
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IPO Critic: This isn't the turkey investors have come to expect from the IPO market. Instead, the money-making developer of specialized lab tests appears poised to deliver bountiful returns.
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