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NOT A SUBSCRIBER?Mead sale no bellwether for startupsPosted on February 12, 2009 9:36 AM
Mead Johnson Nutrition Co. went public successfully Wednesday, but it is still far too early for venture-backed startups and their exit-minded investors to start celebrating a return of the IPO market.
The Evansville, Ind., infant formula company, still 85% owned by parent Bristol-Myers Squibb Co. of New York, priced at the top of its expected range and saw shares rise in its first day of trading. But the outlook for the initial public offering market, crucial to the financial health of biotech and high-tech startup firms, is no better than before. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline.
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