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Could this halt the ongoing initial public offering wave that has been building in the tech industry for several months? What does this mean for Internet compan
by quanticle 15y ago
Could this halt the ongoing initial public offering wave that has been building in the tech industry for several months? What does this mean for Internet companies such as Zynga and CafePress that are currently in the IPO pipeline?
I doubt it means much. At worst, it means a few months of delay while the current crisis blows over. In 1998, people were wondering whether the Asian currency crisis would halt the (then roaring) dot-com boom. Yes, there was a damper on the IPO market for a few months, but the market came roaring back in the latter half of 1998 and kept going strong right through 2000.