HOW TO REALLY WIRE CASH

MONEYGRAM'S MEDIOCRE, BUT WATCH ITS IPO FLY

Your dear lost cousin just crawled out of a swamp in Australia and needs cash. How ya gonna get it there? Western Union, probably. It's been a consistent choice in such situations. So would anyone really invest in a rival money-transfer company called MoneyGram, set to raise a hefty $230 million in an initial public offering of stock next week? Just watch.

MoneyGram is a David and Goliath story that serves as a useful lesson in understanding what happens in the IPO market when stock prices are soaring, as they are now. The lesson is this: anything goes. So-so companies are...

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