BREAKINGVIEWS-Investors rightly bypassing C3POs for IPOs

Newswire

By Rob Cox NEW YORK, Nov 23 (Reuters Breakingviews) - Buyout firms have a backlog of companies they want to resell to public markets. Most aren't new -- or even renewed, like GM. Many, like Harrah's, are indebted and offer little growth. But investors can distinguish a "see-through public offering", or C3PO, from a solid IPO. Full view will be published shortly. To sign up to receive 3 daily emails featuring agenda-setting financial insight from Reuters Breakingviews, please click ...

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