Following three years of regular reporting on the Phish community, websiteYEMblog.com will be release its Initial Public Offering (IPO) and be traded on the S&P 500 starting 4/11/11. The surge in Phish related content since the announcement in October 2008 that the band would reunite in March 2009 has allowed YEMblog to become the #1 Phish news source on the Internet; the advertising dollars alone have allowed for an army of correspondents to go on Phish tour and cover every aspect of Phish news throughout the course of each year.
Scott Bernstein, editor of YEMblog is ecstatic about the prospect of the IPO. “This is truly something I never expected, but hey, we have a great site and I hope that we can continue to provide every bit of Phish news to the world as possible.” Bernstein then returned to working on four simultaneous projects.
There was no word if the official site for Phish news, Phish.com, would be similarly offered on Dow Jones Indexes, but it is presumed Dan Greenhaus will weigh in on the potential on CNBC this week, with no less than five Phish references, including an obscure Tombstone Blues Band reference than only three fans will get.
YEMblog’s IPO is expected to go as high as $38 but Phish fans will most likely drop the price down to a manageable and memorable $4.20. No word yet if shares on the S&P 500 can be sold 1 for 3, 2 for 5.