Initial public offerings by Internet-related companies showed impressive strength in the third quarter of 1999, despite overall market choppiness, a mid-summer lull and substantial declines in market valuations of large-cap Internet stocks.
In the third quarter of 1999, there were 98 Internet-company IPOs raising $7.239 billion, compared to 10 Internet-company IPOs raising $562 million in the third quarter of 1998. Year to date, 208 Internet-company IPOs have raised $16.688 billion.
IPOs by Internet-related companies represented 64% of the total number of IPOs and 39% of the total dollar volume of all IPOs in the third quarter of 1999. Year to date, IPOs by Internet-related companies represent 55% of the total number of IPOs and 34% of the total dollar volume of all IPOs.
Hale and Dorr's Internet and E-commerce Law Group has just published its review of Internet company IPOs in the third quarter of 1999. The review includes discussions of:
- The number and nature of Internet companies going public, including monthly fluctuations
- The new metrics of Internet-company IPO valuations
- Winners and losers in the aftermarket
- Regional differences in Internet-company IPOs
- The leading managing underwriters and law firms on Internet-company IPOs
- An outlook for the balance of the year
Click here to read the article. If you have any questions about this article, feel free to contact its author David Westenberg at 617-526-6626 or [email protected].
