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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: TokyoMex who wrote (2284)8/24/1998 3:57:00 PM
From: bob  Read Replies (1) of 119973
 
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[ Business | US Market | By Industry | IPO | AP | S&P | International | PRNews | BizWire ]

Monday August 24, 3:32 pm Eastern Time

Four more IPOs delayed due to market
conditions

NEW YORK, Aug 24 (Reuters) - Orthopedic Biosystems Ltd Inc.
(OBL - news), Troy Group (TROY - news), International Plastics
(IPTX - news) and Performance Printing (INKSu - news) delayed their IPOs until early or
mid-September due to market conditions, according to underwriters.

An analyst at First London Securities Corp., Performance Printing's underwriter, said they
were delaying the deal until the week of September 7 to wait for market conditions to
stabilize.

The deal was supposed to price 1.2 million shares at $4 to $6 on August 25.

Orthopedic Biosystems had planned to price 2.3 million shares at $6 to $7 during the week
of August 31 and Troy Group was expected to price 2.2 million shares at $6 to $8 during
the same week. Both deals are underwritten by Cruttenden & Roth.

International Plastics, underwritten by Network1, was supposed to price 1.25 million
shares at $4.5 a share late August and is now also expected to go public mid-September.

More Quotes
and News:
IPTX - news; INKSU - news
General American Royalty Inc (OTC BB:TROY - news)
Orthopaedic Biosystems Limited Inc (AMEX:OBL - news)
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