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IPOs to Skip: HomeStreet, Peak Resorts, WhiteSmoke

WhiteSmoke (WHSM) is the smallest of these three offerings. The company's products, which are offered online, specialize in language translation and improving writing skills.

WhiteSmoke is looking to raise $17 million through the sale of 1.87 million shares at between $8 and $10 each. Gaskins expressed some concern that a company known for its grammar product had an S-1 filing that needed editing.

One positive development for WhiteSmoke is that it entered into a promotion and distribution agreement with Google (GOOG - Get Report) for a free trial on Google Chrome. If this new sales and marketing relationship is successful, it would be a positive for the stock.

-- Written by Debra Borchardt in New York.

>To contact the writer of this article, click here: Debra Borchardt.

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Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
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