Venture-backed companies mature enough to sell shares to the public haven’t been rushing the door. Only 10 companies have floated shares since the start of May. But those that have enjoy pretty good results.
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Talk Back & Poll: Is IPO Window Closed? If So, Is It Temporary or Are We in for a Long Wait? UPDATED
It turned out Tuesday was just a brief respite. On Wednesday Today we were back in the the business of a market sell-off. Besides the public companies that got a haircut, the tumultuous market also dashed the hopes of six of the 12 companies on the docket to go public this week. Then, Thursday, the market surged back, with the Dow up nearly 4 percent.
On Tuesday, three companies postponed their offerings, including 3-D motion-sensing company InvenSense Inc, a VC-backed company that hoped to raise $99.8 million.
On Wednesday, another three companies postponed, including two VC-backed startups: employee benefit program provider WageWorks, which held off on a $49 million IPO, and medical services provider WhiteGlove, which tabled