Frank Quattrone (Frank Quattrone news), as many of you know, jumped right back into investment banking (investment banking news) after the government gave up trying to convict him. He started Qatalyst Partners, a firm in San Francisco, to advise small technology companies in March 2008. Since then, he has suffered along with everyone else through the financial crisis and recession. But he's now officially back in the IPO business.

QuinStreet, an Internet marketing firm he advises, went public this month. The media has certainly taken note. But this was far from an instant return to his glory days, when he ruled the investment banking roost in the Valley. QuinStreet, which paid him $2.1 million for his services in picking underwriters and other advice, has yet to close above its offer price, notes Business Week/Bloomberg. The underwriters were Credit Suisse, Bank of America (BAC) and JPMorgan Chase (JPM). They set a range of between $15 to $17 per share, but the deal was priced at $15. Does this bode ill for the other IPOs (IPO news)? Well, the optimism that was so rampant earlier this year has faded.  

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