Steinway Musical Instruments, Inc.
Imagine a company that only makes one product: A huge, heavy musical instrument that takes almost a full year to assemble, and which almost no typical household can afford to buy brand new. The intricate, precision detail on the instrument must be done by hand, raising its price well above that of its competitors. Modern technology has created an electronic version of the instrument which, at a fraction of the more »
The date was marked, the offer price was set, and the ticker symbol was chosen, but that did not stop Fender Musical Instruments from pulling its initial public offering earlier this month. Despite the troubles of Facebook’s IPO, this move came as a surprise to most investors, as we’ve recently seen a number of successful transitions to the secondary markets (here’s our Top 3 hottest examples). In more »