St. Anthony: A 'cool' company hopes to go public

Sunday, October 23, 2011

Keefe, Bruyette & Woods, a Wall Street firm that researches financial services firms, said last week that it is "cautiously optimistic" about more deal making in the fourth quarter. But it will take stable prices.

"IPOs are driven by the potential for 'overvaluation' and right now the market tends to be undervaluing companies," said Dave Vang, professor of finance at the University of St. Thomas business school. "If you're going to sell part of your company, you want to get as much money as possible for as few shares as possible. It's a great market for buyers, but not as good for sellers."

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Originally published: 10/23/2011, Star Tribune