The casino operator, which owns the Caesar's Palace and Harrah's brands, said Friday that it had withdrawn its initial offering, tersely citing "market conditions" in a public statement.
After Nutanix postponed its initial offering earlier this year, it issued $75 million worth of debt to Goldman Sachs for additional cash.
Adjusted for a split, the stock now sells for more than eight times the price of its initial offering in 2004; it has not just quadrupled.
"It has fallen back near its initial offering price of $18 and ought to grow over 20% a year," Burnham feels.
Ellison bought Oregon Trail at its initial offering of $10 in late 1997; it now trades at $12.50, a 15% discount to book value.
It closed Monday at $30.40 - 138 percent above its initial offering price of $12.80, but down 39 percent from its $50 high.
Its initial offering of public shares, feverishly anticipated by investors, is expected soon.
The company's stock did not return to its initial offering price until 1997.
Once part of I.B.M., Celestica has thrived since its initial offering in June 1998.
In its initial offering, Drkoop.com sold shares for $9 and raised $88.5 million.
Yesterday, shares of Blackstone closed at $25.51, well below its initial offering price of $31.
