Wednesday, May 28, 2003

Google IPO

Yesterday I wrote that I was skeptical about the possibility of Google prying open the IPO market. What I didn't explain was my reasoning: simply put, Google strikes me as a company that will not lead a new IPO boom, but will follow on the heels of other successful IPOs. (This is based on my "reading" of Eric Schmidt plus a smidgen of inside information.) I didn't realize that another high-profile technology company -- Crystal Decisions -- filed documents with the SEC last Friday. According to The Wall Street Journal, Crystal Decisions, Google, and (it's nice to see that dot-coms have not been erased completely from the corporate landscape) are three companies that could start a new rounds of offerings.