Local IPOs feel chill of flat market. (cover story)

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  • Additional Information
    • Subject Terms:
      WESTCHESTER County (N.Y.); NEW York (State)
    • Subject Terms:
      REFCO Inc.
    • Abstract:
      The article reports on the move of futures broker Refco Inc. to file for bankruptcy in the court in Westchester County, New York. It was tagged the worst initial public offering (IPO) after it declared bankruptcy. The company's bankruptcy rattled the IPO market. Moreover, it will contribute to the slow trading in the stock market.