When LPL Financial filed its long-awaited initial public offering in early June, one of the market’s pressing questions was why now?
The market was still very volatile, subject to headline risk from developments in the European banking system, and sluggish domestic economy. Also, through June 25, about 70 deals had been cancelled or postponed, according to Thomson Reuters. Aside from a couple of big summer dips, however, the Dow Jones has marched steadily up since then, about 11%. Now, the question might be why not?
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