| Goldman Sachs, Morgan Stanley and CSFB, the top technology investment banks, were the most prominent arrangers of technology and internet IPOs during the extraordinary bull run that has just come to its inevitable messy end. But the April crash has exposed these three banks to criticism for how they managed their deals. Too many turned sour, others quickly reached stellar valuations way above their IPO price, all rushed out in a frenzy to keep clamouring investors sated. |
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