When you walk into a bank and are confronted with rows of chairs that resemble an airport waiting lounge, and are asked to take a number that places you in a long queue, you probably get the sense your business isn’t valued much.

On the evening of May 17, the price for Facebook’s initial public offering will be set.

Thomas Tusser, a 16th-century British farmer and writer, penned the words: “A fool and his money are soon parted."

The euro-to-US dollar exchange rate has remained stable, despite the deepening of the European financial crisis.

Stock markets seem to be running out of steam this month after what was a spectacular first quarter for them.

Shares of Apple, the maker of the iPhone, iPad, iPod and Macintosh computer, have relentlessly marched higher since March 6, 2009, when they traded at a low of US$82.33.

Preservation of capital is fast losing ground to increased risk-taking as global equity markets close the quarter with a stellar performance.

As expected, the book-building phase for Phnom Penh Water Supply Authority’s initial public offering was significantly oversubscribed, the estimate being 17 times. 

The price of oil has now taken the spotlight as concern number one given the waning anxiety over Europe’s sovereign debt crisis.

The Kingdom’s first initial public offering is fast approaching, and demand is expected to be robust.