While the US stockmarket appears to have run out of steam over the past three weeks after rallying 34% since early March, Chemspec International will be hoping that some of the investor cash that is arguably still waiting to be put back into equities will find its way into its initial public offering this week. The company is aiming to raise between $56.6 million and $72.8 million, although approximately 22% of that will go to a group of existing investors who will be selling a portion of their holdings as part of the IPO.
Aside from the fact that the offering comes with the customary IPO discount -- giving investors the potential for a...
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