Henry Bloget explains why there may be very few IPOs (initial public offerings) any more:
There's one sure way to make sure investors don't lose money in initial public offerings: Make sure there are none. ...there has been exactly one (1) ONE Valley IPO this year.Why does no one go public anymore? ...in part because our legislators have made it outrageously expensive to go public, especially for small tech companies. ...In this environment, what sentient CEO wouldn't choose an M&A [merger and acquisition] exit route?
Full blog entry here: Hey, Sarbanes and Oxley, You Killed Our IPO Market--Are You Happy?
Hence, UGS allowing itself to be bought by Siemens, rather than go public.
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