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Non-Tech : Whole Foods Market (WFM) -- Ignore unavailable to you. Want to Upgrade?


To: organicgerry who wrote (186)8/5/1998 5:39:00 PM
From: Luce Wildebeest  Respond to of 438
 
Understatement of the year:
NEW YORK, Aug 5 (Reuters) - Natural Nutrition Group Inc. has postponed its initial public offering due to market conditions, its lead underwriter, BT Alex. Brown, said Wednesday.
The company had planned to sell 3.3 million shares at a price between $14 and $16 a share.

Most companies scheduled to go public this week have been postponed as the market continues to fall. Jittery investors tend to shy away from new stocks during market uncertainty. Analysts said companies prefer to put their IPOs on hold rather than risk making less money on their deals than they planned, or risk seeing the value of their stock drop soon after hitting the market.

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