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CNN Reports on Hot IPOs of '08

"And while there are tech companies in all these categories that hope to repeat the successful public market debuts of the class of 2007, they may face a higher bar in terms of financial health and heft that investors want to see. In general, after the bubble burst in 2001, companies needed about $100 million in revenue and $10 million net earnings to be an IPO candidate. Lately, though, private tech companies have been going public by simply showing revenue growth, ideally a lot of it, and scant profits haven't kept them from going public. But if things head dramatically south in the U.S. economy, expect earnings to be back on the table if a private company wants to tap the public markets."

The article names Parallels as one of those hot IPOs to watch out for.  It writes:

"Parallels (formerly SWsoft). The virtualization technology company has more than doubled revenues every year for the past eight years, so it's got the track record. And its products are giving VMware a run, especially in the small- and medium-business marketplace. Just find someone who uses Parallels and they will not stop gushing about it. Given VMware's successful IPO, you can bet the SWsoft executive team and their investors including Intel Capital, Bessemer Venture Partners and Insight Venture Partners are looking hard at their IPO options in 2008."

Read the entire article, here.

 

Published Thursday, January 10, 2008 7:34 PM by David Marshall
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