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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Stock markets are shrivelling, as the burden of public reporting, the growth of private equity and the torrential outflows from mutual funds sap public markets of their old vim. IPOs have become endangered.
Hope, however, springs eternal. Per a regulatory filing on Monday:
Ordinary Shares
1,000,000 Shares of Class A Common Stock
This is the initial public offering of HOT MOM INTERNATIONAL INC. (the “Company” or “ LAMA”). No public market currently exists for our common stock. We are offering 1,000,000 shares of our Class A common stock. You should read this prospectus and any prospectus supplement or amendment carefully before you invest in our securities.
Hot Mom International (henceforth Hot Mom) yesterday filed a registration statement on Form S-1, indicating its intention to go public in the US. It was an absolute delight to read, as you might…