Fender Projects Post-IPO Value of $395 Million
The iconic Fender logo may need to be upgraded to include a few dollar signs thanks to a healthy IPO — Initial Public (Stock) Offering — that looks to raise as much as $160.5 million, putting the venerable guitar maker’s value in the neighborhood of $395 million.
Clapton Guitar Sells For $30,000
A replica of a prized Eric Clapton guitar that duplicates the cigarette burns and belt buckle scratches found on the original has sold for $30,500 at a New York City auction. Proceeds from yesterday’s sale will benefit a drug and alcohol treatment center Clapton founded