Market freak-out this summer didn’t dim IPO prospects…

Posted by admin on September 28th, 2007 at 12:25 pm | Categorized as IPOs

The first half of 2007 saw a big comeback for that Silicon Valley favorite, the IPO. And the second half of the year figured to be even better.

Ah, but then there was the nasty little business regarding the sub-prime market implosion and the housing market meltdown. And suddenly, the stock market went bonkers. Does this spell doom for the IPO?

Breathe easy, Silicon Valley. According to a report from Renaissance Capital released Friday, the number of IPOs in the U.S. in the third quarter was 40, up for 31 in 2006. So far there have been 154 IPOs in 2007, compared to 198 last year.

We counted 2 IPOs in Silicon Valley during the third quarter: VMware (ticker:VMW) and DemandTec (ticker:DMAN). That’s a total of 16 so far this year compared to 11 in all of 2006.

But the year could end on a strong note. Over the past three months, 11 Silicon Valley companies have filed to go public. It’s always hard to predict the timing, but at least a few will probably go public before 2008, making this officially a banner year.

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Trackbacks & Pingbacks

IPOs are up. M&A is down. Way down. Way, way down. - The Docu-Drama Blog - The stories behind Silicon Valley’s SEC filings:
[...] week, we cited a study from Renaissance Capital that showed that IPOs still did well in the third quarter despite the nervous market this summer. [...]
--October 2, 2007 @ 1:44 pm

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