MutualFundWire.com: LPL Has the Last Laugh, Says the WSJ
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Friday, November 19, 2010

LPL Has the Last Laugh, Says the WSJ


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 and here.


Printed from: MFWire.com/story.asp?s=35177

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