East India's Iffy IPO

"Blank check" public offerings are always risky. This one could be even more so

At first blush, East India Company Acquisition, which filed for its initial public offering on June 13, sounds like it could make a promising investment. After all, in its filing with the Securities & Exchange Commission, the company says it will identify and invest in business opportunities in India.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.