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Summer Vacation

After last week's hot IPO action, you'd think the i-bankers still would be driving product out the door. But you'd be wrong.
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Even after as exciting a week as last week, it is clear the investment bankers have finally taken a holiday. The following two deals are it for the week.

Ben Holmes is the founder of, a Boulder, Colo.-based research boutique specializing in the analysis of equity syndicate offerings. This column is not meant as investment advice; it is instead meant to provide insight into the methods of new and secondary offerings. Neither Holmes nor his firm has entered indications of interest in any of the companies discussed in this column. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Holmes appreciates your feedback at