IPO Roundup: Why Techies Shun IPOs
Traders Magazine, February 2000
The mania for initial public offerings of Internet-based companies is fading. Flush with venture capital, the new rite of passage for dot-coms are mergers and acquisitions.
At stake is a universe of thousands of Internet and high-tech oriented companies. A small proportion of that universe, over 300, were among the 546 companies that went public in 1999. In the coming year, most of the remaining dot-coms will likely shun a public offering.
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