Word: bibliowicz
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Some of today's IPOs are even more seasoned--like Journal Communications, a Midwestern newspaper and media company, and National Financial Partners, a financial-services firm run by Jessica Bibliowicz, daughter of Citigroup chairman Sandy Weill. Both make money, and both have seen their shares rise in a modest but steady fashion. "Very few companies today are able to raise money on just a wish," says Jay Chandler, head of equity syndication at Merrill Lynch. "That late-'90s-style IPO market is not open for business...
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