News
Resisting the IPO plunge
Peter Hoover, executive vice president and former CEO of Seattle-based NexCura, said the online medical-information provider might have opted for an IPO several years ago, but last month’s buyout made more sense now. He said that while IPO valuations have shrunk, private-equity funds are boosting valuations as they compete for deals to put their investors’ cash to profitable use.
Alabama doesn’t automatically come to mind as a hotbed of business innovation. Nor does Nevada, unless you’re talking about new ways to separate gamblers from their money.
But so far this year, both Alabama and Nevada have spawned more publicly traded companies than has Washington state — three initial public offerings (IPOs) apiece, compared with just two IPOs from Washington companies.
In fact, 2005 has been a markedly sparse year for Pacific Northwest IPOs. Although the total number of new issues on U.S. markets is running close to last year’s pace, only three Northwest companies have managed to go public. Even hurricane-ravaged Louisiana managed four.
By Drew DeSilver
Seattle Times business reporter
Full Story: http://seattletimes.nwsource.com/html/businesstechnology/2002689734_noipo18.html
MATR Supporters (view all)