Return of the Dual Track IPO

This article by Kilpatrick Stockton from Mondaq (free subscription required) explains that a boom time financing technique is back, but with a twist:

"Like many techniques developed in the boom market conditions, dual track IPOs are making a comeback in a new guise in the slowly recovering but still turbulent equity markets.

Dual track means pursuing a stock market flotation (IPO) and a trade sale simultaneously, with an underlying intention of creating competition and price tension between stock market investors and trade buyers...

The mechanism of dual track IPOs remains largely the same, but the objective is different: rather than enhancing the price, the aim is now to secure a sale."