Wi-Fi has become the theme for the IPO market lately (802.11-Planet.com).
Wi-Fi has become the theme for the IPO market lately (802.11-Planet.com).
Netgear (NASDAQ:NTGR), a computer networking equipment company, went public on 31 July 2003, offering seven million shares at $14 per share. Net proceeds from the IPO were approximately $98 million. Netgear’s products are targeted primarily at consumers and small businesses.
A week before that, iPass (NASDAQ:IPAS), a virtual network operator, held its initial public offering. It also offered seven million shares at $14 per share and raised close to $98 million. iPass products and services allow companies to give their employees access to company networks and email via wireless broadband access points.
For a lot of people in tech, it’s a relief to see IPOs coming back. Perhaps with better exits in sight, VCs will be more willing to fund start-ups. However, one wonders whether many small investors have indeed rid themselves of their 1999 addiction. Or is this the start of another mini-bubble?
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