Executives at HomeStore.com (Nasdaq: HOMS) are probably shaking their head in agreement with Charles Dickens’ famous “it was the best of times, it was the worst of times,” opening to “A Tale of Two Cities.” Friday, the day after the company saw its share price soar as much as 36 percent in its initial stock sale, the real estate listing company was the subject of a Wall Street Journal report. The report said federal antitrust regulators are looking into the company’s relationship with the National Association of Realtors.
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Federal Probe Report Dampens HomeStore.com IPO Optimism
Posted by: Robert Conlin August 6, 1999 12:00 AMExecutives at HomeStore.com (Nasdaq: HOMS) are probably shaking their head in agreement with Charles Dickens’ famous “it was the best of times, it was the worst of times,” opening to “A Tale of Two Cities.” Friday, the day after the company saw its share price soar as much as 36 percent in its initial stock sale, the real estate listing company was the subject of a Wall Street Journal report. The report said federal antitrust regulators are looking into the company’s relationship with the National Association of Realtors.