Strong Seattle Tech Economy?
Not sure how many of you follow John Cook's Venture Blog, but I find his PNW IPO tracker to be pretty interesting. As of today, 7 of 12 on the list are canceled or delayed; 2 are priced; 2 are filed; and one is pending.
With the markets as volatile as they are, I expect not all of the filed/pending will make it out.
With the markets as volatile as they are, I expect not all of the filed/pending will make it out.
PACIFIC NORTHWEST IPOs
Applied Precision (Canceled)
Classmates (Canceled)
Clearwire (Priced March 7 2007)
First Financial Northwest (Priced Oct. 2007)
Imperium Renewables (Up to $345 million)(Delayed)
Intelius ($143 million filed Jan. 2008)
Light Sciences Oncology (Canceled)
Omeros ($115 million filed Jan. 2008)
Symetra (Up to $750 million) (Delayed)
Tully''s Coffee (Up to $50 million)(Delayed)
Venture Financial (Up to $46 million) (Delayed)
Varolii (Up to $86 million)
Comments
Rather than attribute the lack of Seattle IPOs to a weakness in the Seattle Tech Economy, I'd be more likely to put it down to weaker stock values. The people running the IPO (executive teams and the board) are all sitting on tons of options and stock and are probably pricing their personal fortune in Summer 2007 stock prices...
Just a theory...