Energy
Another Oil IPO Failed: Forum Oil Technologies (FOT)
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Forum Oilfield Technologies, Inc. has just filed to withdraw its IPO application. The reason: "due to market conditions."
This was one we had previously noted that would have the NYSE ticker of "FOT" if it listed.
Things must be coming under more and more scrutiny from IPO buyers. We have seen a large number of IPO withdrawals over the last week. SPAC’s seem to be the only steady flow of IPO filings we are seeing.
- Another IPO in the sector just got pulled this morning too.
Jon C. Ogg
February 11, 2008
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