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McGladrey Capital Markets Press Releases

Friday, January 9, 2009

2008 Was No-Show Year for Local IPO (from the Orange County Business Journal)

By Dan Beighley
Orange County Business Journal Staff

It was the year that wasn’t for local initial public offerings.

...Accounting costs from the Sarbanes-Oxley Act of 2002 have made going public harder for companies valued at less than $1 billion, said Hector Cuellar, president of Costa Mesa-based investment bank McGladrey Capital Markets LLC, a unit of Kansas City, Mo.-based H&R Block Inc....
Posted by cm at 11:05 AM

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