Reader Comments

Subscribe: RSS

View by: Time | Thread

1. 

   Russell, 15 Feb 2002 @ 1:12pm

   
   

   No Subject Given

   Does this mean that the IPO market, and by extension, the economy, is on its way back?

   [ link to this | view in thread ]

2. 

   Ed, 15 Feb 2002 @ 1:15pm

   
   

   harumph

   So one whole trading day is enough to reinvigorate the dot-com IPO market? The day's trading volume was higher than the size of the offering, so everybody in on it has probably flipped it already.
   
   Since the fall from the lofty heights of the boom days, there has been the occasional mildly successful IPO that has been interpreted as a sign that there's still a demand for good new companies. Every time I hear that, I add it to the 'ipo frenzy' list of symbols on my yahoo page. That list includes such companies as Transmeta and Loudcloud, both of which are trading at about $3.50 today, well below their offering prices. I expect to see PayPal in that range before too long.

   [ link to this | view in thread ]

3. 

   Mike (profile), 15 Feb 2002 @ 2:30pm

   
   

   Re: harumph

   I agree, that I expect PayPal to fall pretty quickly, but I was surprised at the pop it got. I don't remember Transmeta, but Loudcloud started out down.
   
   The pop may well convince i-bankers to try to take a few others public.

   [ link to this | view in thread ]

4. 

   Ed, 15 Feb 2002 @ 4:57pm

   
   

   Re: harumph

   Loudcloud was an exercise in spin-doctoring to call it a positive IPO. I think they lowered the offering price a few times before it finally happened, then it may have squeaked out only a marginal gain, but it's down from even that mediocre start. I'm vaguely recall that, at the time, people were calling it a modest success, given the unfavorable market conditions at the time. (Maybe unfavorable compared to 1999. Really unfavorable conditions will be when the investment bankers lose their shirts on a dog of an IPO.)

   [ link to this | view in thread ]