Check out the latest Valley View: Do IPO numbers hint at recession?
The monthly Valley View column is now hosted online within the UK Tech Startup blog and the latest thoughts of Richard Irving, a partner at venture capital firm Pond Venture Partners, concerns IPOs and their indication of economic health.
Specifically, Silicon Valley chip investors are asking whether this is the beginning of a downturn or not...
Richard Irving writes:
Perhaps the most important barometer of health to a venture capitalist is the initial public offering (IPO) market - if you can take companies public (float them on a quality stock exchange), founders and investors can get a return on their investment. After some very healthy IPOs in 2007, we have seen some worrying trends in recent IPOs which are worth dissecting.
In particular, he notes that one early sign of a downturn is where an IPO happens but where the company sells fewer shares at a lower price than expected. Two chip IPOs that seem to fall into this category involve Intellon and Entropic.. .
Read the full article: Valley View: Do IPO numbers hint at recession?
