Plaintiff Law Firm to lose its Shine?

Never buy an IPO is one rule of thumb you won't go too far wrong with. But I still like browsing through the prospectus documents of new offers. They often provide more thorough information than your average annual report - useful when we're interested in buying them at one quarter of the float price - and there's always some entertainment in the hockey-stick forecasts and language used to dress the company up. Following the success of Slater & Gordon's listing in 2007, personal litigation services provider Shine Corporate has released a prospectus to raise $45m. Like other recent IPO's this offer...

Never buy an IPO is one rule of thumb you won't go too far wrong with. But I still like browsing through the prospectus documents of new offers. They often provide more thorough information than your average annual report - useful when we're interested in buying them at one quarter of the float price - and there's always some entertainment in the hockey-stick forecasts and language used to dress the company up.

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