Sunday, January 15, 2012

2012 TO BE BIGGEST INTERNET IPO YEAR SINCE '99 DOTCOMS

With Face Book considering the largest internet IPO on record and regulatory filings showing that at least 14 other Web-related companies are planning sales, the industry may raise $11 billion next year. That would be the most since $18.5 billion of IPOs in 1999, just before the dotcom bubble burst.
Even internet companies may cut valuations for their offerings after Zynga, the largest developer of games for Face Book, and online-radio company Pandora slumped following share sales this year.

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