IPOs
This week we found out that Canadian financial institutions are going to participate in the largest IPO in the history of financial markets--the $21-billion initial public offering of the Industrial and Commercial Bank of China. Royal Bank of Canada was named a co-lead manager, while Bank of Montreal…
Although Canadians are still playing catch-up, Americans are already convinced that the ethanol market is ripe for the picking. True, buying ethanol IPOs potentially offers a perfect exit strategy for investors, what with all the government support programs and tax breaks on both sides of the border, as…