Buy.com Postpones IPO Due to (Ahem) Market Conditions
Posted by: Rob Hof on December 21, 2005
I wasn’t the only one to wonder why investors would buy into the IPO of a money-losing company that’s growing more slowly than its e-commerce peers. My colleague Tim Mullaney also recently noted that Buy.com may not be a buy at all. Now, after first lowering the price of the offering, the company has postponed it entirely. “Market conditions,” you know? Maybe investors are just smarter than they sometimes look.