In a year when tech and internet stocks took a hammering, few such deals stand out. One of them was Ixia, which came to market on October 17.
It was hardly a good time for new issues, as the Nasdaq and the Dow Jones indices were both suffering another dizzy downturn, registering 10% and 6% losses in the days before the deal was priced. And the composite of stocks of comparable companies was down 15%. Only one other deal was priced during Ixia’s 10-day roadshow, and 16 deals had been pulled.
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