Must Be Time for the IPO Market to Heat Up…
Posted on June 10th, 2003 in Stock Market
From the contrarian/irony files: Surely this is a sign that the IPO market is about to take off - IPO.com Web Site Closes. 
Tags: IPO
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This post has 4 comments
June 10th, 2003
Sure. Maybe now IPO’s won’t be so hugely overvalued. This means that companies that shouldn’t issue IPO’s won’t have an incentive to do so. Meaning more IPO’s will actually be worth investing in.
…. Maybe…
June 10th, 2003
I think by definition IPOs are over-priced to begin with (almost by definition!), so there is lots of incentive to get at the pie. A company is NOT going to sell itself to the public unless it thinks it can some $$$ more than what it thinks it is truly worht. The quality companies eventually grow into the inflated valuations the market gives them.
But I was shocked to see that only five IPOs have come through in 2003 - must be some kind of record low? Anyway, that is a sign that people are no longer willing to be fleeced so that company insiders can make out like bandits and corporate coffers can stay full long after the business is viable.
Call me a bitter cynic, but the IPO market is known to cycle from boom to bust. Nothing has changed that. I bid good riddance to IPO.com, but, as Mike suggests, this could finally be rock bottom for this racket - decks are cleared for another bombing run!
June 10th, 2003
OK, you’re a bitter cynic!
June 11th, 2003
You know me well!