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News & Press: Colorado Technology Industry

Looking for signs of a thaw in new IPOs - Silicon Valley / San Jose Business Journal

Monday, August 17, 2009   (0 Comments)
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Looking for signs of a thaw in new IPOs - Silicon Valley / San Jose Business Journal

After a nearly 18-month period that saw Silicon Valley launch just a single IPO, two companies in the past month have entered the fray, one announcing its intention to go public and another witnessing stronger than anticipated demand in its first day of trading.

Observers say the move by Fortinet Inc. of Sunnyvale and the strong trading of Avago Technologies Ltd., a Singapore company with U.S. headquarters in San Jose, can be taken as signs that quality companies are ready to go public — and that market conditions are shifting to help that happen.

Don’t call it a flood. But you can call it a sign of life that’s been missing. The IPO window has been closed for so long that very mature companies with good revenue stories may now find it opening just a crack.

Networking companies, software companies and players in the cleantech space may find special momentum in the current, cautious-but-optimistic atmosphere, experts say.

Full Article by Mary Duan >>


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