December 16 - Reuters - Investors fearful of a recession and corporations bullish on acquisitions are likely to push more venture capital-backed technology companies into selling themselves rather than going public next year.
U.S. initial public offerings of technology companies have been on the upswing since 2004, although nowhere near the peak of the dot-com boom. But many bankers and analysts said tech IPOs are slowing down again because markets remain unpredictable in the wake of the subprime meltdown.
"The tech IPO may still be the hottest IPO of all sectors, but the overall activity in 2008 will depend on the end market" of stock buyers, said Glen Kacher, managing director of Integral Capital Management. Read More.
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