Fundsters interested in the independent broker-dealer channel may want to take a look at the Wall Street Journal
's "Deal Journal." Yesterday Lynn Cowan penned
an article weighing the $470 million IPO deal of LPL
and the mega $15.8 billion offering from General Motors.
The WSJ's verdict was that LPL executives "got the last laugh," despite losing the spotlight to GM, as LPL's shares climbed 7.2 percent by market close and GM's rose only 3.6 percent.
For more on the Boston and San Diego-based indie B-D's IPO, see The MFWire
's coverage yesterday here
Neil Anderson, Managing Editor
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