2011: the year of the tech IPO
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Zynga IPO
Yelp IPO
Zillow IPO
The US IPO cartel | Felix Salmon
Mark Abrahamson, Tim Jenkinson, and Howard Jones, of Oxford University, have an utterly compelling paper out proving that there’s collusion among investment banks in the US — it doesn’t matter whether they’re European or American banks — to keep IPO proceeds set at 7%. Using a very high-quality new dataset, they compare US and European IPOs, and get the following result: This chart just shows IPO fees for deals between $25 million and $100 million (in 2007 dollars). But the pattern is universal: Between 1998 and 2007, 95.4% of U.S.
It’s No Joke. IPOs Are Back, Baby: Tech News and Analysis «
Fourteen venture-backed companies went public in the first quarter of 2011, raising $1.4 billion in the process, according to the National Venture Capital Association. That’s the highest number to go public in a quarter since 2007. While only seven of these companies were in the Internet and technology fields (the rest were in medical and biotechnology), the more interesting data was on mergers and acquisition amounts, which were awesome for Internet-related businesses and pretty grim for hardware and semiconductors (see chart below). In other words, it’s still all about the software.
In Silicon Valley the terms of venture capital deals, the prices of valuations and the real stories of ousters are routinely dished, whether they always show up in the press or not. Sure it’s all off the record or on background or whispered at a coffee shop, but people who live here love what they do and when companies and valuations grow this quickly, it’s hard to keep the juicy details under wraps. So when they can’t dish, what do they do?
Note to Self: If the Halls Clear at Conferences, IPOs Are Near
Fusion-io IPO
Groupon IPO
Pandora IPO
Kayak
Yandex IPO
Linkedin IPO
Facebook IPO