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Wall Street in Grip of Invisible Hand?
Posted by Ronald Fink | CFO.com | US
August 24, 2005 12:28 PM ET

I'm way behind on my reading as well as my blogging. So I just saw that Monday’s WSJ (no link but see the deals column on C5) reports that the surge in private-equity offerings is having an unintended benefit for companies going public. According to the report, the increasingly viable alternative of going private instead is forcing banks’ to reduce their standard 7 percent underwriting fee on more and more public offerings.

Will wonders ever cease?

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