An Unhittable Pitch

The Cleveland Indians have just gone public. Too bad the IPO business isn't as hot as their record

It's no accident that Pixar, the computer-animation company, sold its first shares to the public in 1995 while its movie Toy Story was a runaway box-office hit. Or that hockey's Florida Panthers made the move a year later, fresh from their first appearance in the Stanley Cup finals. Nor is it a fluke that Wall Street powerhouse Goldman Sachs, with the market at a historic high, is now mulling an initial public offering of its own. In the business of making your money mine, which is what any IPO is about, timing is everything.

On that score, the Cleveland Indians stroked...

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