This IPO really was a wicked scam. A & M Febcon LTD. Check out this stellar performance (sarcastic):

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An initial public offering (IPO) is often described as a company's "coming out party." It's the moment when a successful, privately held business says, "Hey, world! Who wants a piece of the action?" If all goes well, investors scramble to buy the freshly minted stock, lifting the price through the roof and making lots of people happy -- by which we mean filthy rich -- in the process. But the suckers that invested in A & M Febcon LTD IPO lost alot of money.