I noticed this string of reports when I scanned Paid Content this morning:
- “ComScore, the Internet traffic measurement firm, raised $82.5 million in its IPO priced above a forecast range . . . “(more);
- “CampusU, an online merchandising, marketing and media company focused on the college students, has filed for a $28.8 million IPO on Nasdaq” . . . (more); and last but not least this bit from Paid Content editor Rafat Ali himself,
- “We mentioned the appointment of LinkedInâ€™s new CFO yesterday, but Reuters runs with it, and says that this could lead to the companyâ€™s IPO, â€œone of the first big post-dotcom Internet IPOsâ€ (more).
“Opening the window” is the Wall Street slang that refers to those rare periods when the investment bankers who sell new companies sense that institutional investors — pension, mutual and hedge fund managers — have the stomach to buy stock in new firm. I haven’t tracked IPOs in a while but this little rush of activity made me wonder if the window had opened.
When Andy Plesser, a PR veteran, interviewed Rafat Ali in January about whether another Internet bubble may be building, Ali said there was a lot of “foolish money” out there to invest in media and video companies.
If only this foolish money would find MiniMediaGuy! Alas, that hot cash is simply silly, not lost. At least not yet 🙂