Follow LA Observed on Twitter here
Venice-based Digital Domain, the special-effects powerhouse, is not exactly wowing them on Wall Street. The company's initial public offering was supposed to be priced this week, but the underwriter is now calling it a "day to day" situation – probably a sign that the company is having trouble rounding up enough interested investors at the $12- to $14-a-share price being sought. This is obviously a lousy time for any company to go public, much less one that hasn't been profitable since 2005. Tom Petruno at the LAT's Money & Co. has the item.
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Letter from Down Under: Welcome to the HomogenoceneOne last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
Bobcat crossing
New at LA Observed
On the Politics Page
Go to Politics
Sign up for daily email from LA Observed
Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.