Monday, 17 March 2008

Pogo Jet IPO postponed

Pogo Jet has postponed its Pogo Jet IPO (read review) or Initial Public offering, citing the reasoning of market volatility.

Except for the VISA IPO (Review), which is slated to be listed on 20th of this month, the IPO market has come down substantially. People are finding it more and more dangerous and risky to bet their money in the IPOs so as to make a quick buck. However, the market volatility and existing situation has made the investors worried about the returns in the market.

Pogo was supposed to offer a total of 7 million shares within a price band of $12.5 to $16.5 per share. The proceeds from the IPO were expected to go towards purchasing and leasing of new fleet of aircrafts. Table of Contents

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