HSBC withdraws another IPO, frustrating clients

HSBC''s postponement of another IPO exposes the tensions between companies eager to race to the market and their sponsors, who can''t always sell the stock at a price their clients think they deserve.

Toni Clarke

June 14, 2000

HSBC has pulled the planned listing of online financial news company Quamnet.com less than a week after postponing for a second time its listing of ColbyNet, a company that sources supplies for overseas retailers.

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