Monday, August 04, 2008

Wither the IPO?

From an article on tech funding in Slate: 
[T]here hasn't been a high-tech dry spell like this in decades. According to officials with the National Venture Capital Association, not a single technology initial public offering was made in the second quarter—the first time this happened since 1978. At the height of the bubble in 1999, some 90 IPOs were issued per quarter, and the number had hovered around 25 or 30 as little as a year ago.