Twitter may be the only technology stock people have been hearing about on the nightly news recently, but it’s actually just the most prominent among a crowd of startup IPOs to hit the markets in the last year. In a single week this September, 13 tech companies went public: everything from Applied Optoelectronics (AAOI), a provider of fiber-optic networking products, which raised around $36 million, to Covisint (COVS), which built a data-sharing platform used by companies in the auto and healthcare industries, and which raised $81 million. Both companies had shown steady losses before going public.
"In the last decade, most companies doing under a billion dollars in revenue couldn’t attempt an IPO," says Alan Patricof, the founder...
Source: The Verge - All Posts http://www.theverge.com/2013/10/7/4812080/twitter-ipo-boom-growth-profits
No comments:
Post a Comment