SLI Systems plunges to lowest since listing as investors look to next round of IPOs

SLI Systems plunges to lowest since listing as investors look to next round of IPOs
By Suze Metherell July 17 (BusinessDesk) - Shares of SLI Systems, the search engine software developer, dropped to a record-low as investors brace for the next round of growth-orientated stocks as the pipeline of fresh listings gathers pace. The stock fell 7.4 percent to $1.25 and has more than halved its value since it January record of $2.85, though it's still above the $1.15 sale price in its May 2013 initial public offer. The shares are rated a 'buy' based on two analysts surveyed by Reuters, with a median price target of $2.47. Th...