Reply.com: IPO or hanging out a “for sale” sign?(9)
This morning, Reply.com of San Ramon announced it had filed its prospectus to go public. Just over the weekend, I wrote a column about how Silicon Valley would be better off with fewer IPOs.
This is just a hunch, but after reading through the filing, I can’t help but think the company is really angling for a sale, rather than an IPO. Time will tell, but this looks and feels like a company that needs an exit soon. And given the numbers and history, I’m betting they’re hoping to attract interested buyers. If they get all the way to the IPO, I’ll be a bit surprised.
Here’s why: Read the rest of this entry »
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