Today's article at WSJ.com "IPO Market Gets Post-Facebook Test" discusses the four initial public offerings set to price this week, three of which are backed by venture capital firms. The first IPO to price will be the first IPO since Facebook. The four IPOs on deck are for:
According to the article, after a freeze in the IPO market, the first IPO out is known as an "icebreaker" deal, and has historically brought good results. This may be due to valuation concessions that IPO investors demand in the wake of the IPO freeze. The article then discusses the IPOs in more detail. It's a good weekend read.
Here's a link to the article.
http://online.wsj.com/article/SB10001424052702304765304577483213317783398.html
- ServiceNow, an IT management cloud service backed by venture firms Greylock Partners, JMI Equity and Sequoia Capital.
- Exa, a simulation-driven design solutions provider backed by venture firms Boston Capital Ventures and Edelson Technology Partners.
- Tesaro, a biotechnology company backed by venture firms InterWest Partners, Kleiner Perkins Cauflied & Byers, New Enterprise Associates, Pappas Ventures and Venrock.
- EQT Midstream Partners, an energy partnership that is an EQT Corporation company.
According to the article, after a freeze in the IPO market, the first IPO out is known as an "icebreaker" deal, and has historically brought good results. This may be due to valuation concessions that IPO investors demand in the wake of the IPO freeze. The article then discusses the IPOs in more detail. It's a good weekend read.
Here's a link to the article.
http://online.wsj.com/article/SB10001424052702304765304577483213317783398.html
