Tech IPO drought ends
May 20, 2009
The recent dearth of venture backed, technology IPOs has ended, as of this morning, when SolarWinds (a Texas maker of network management software) had an IPO on the NYSE. It’s been a long drought nationally, but an even longer drought locally for IPOs in Southern California. It looks like OpenTable – out of San Francisco — is next. According to a recent report by Ernst & Young, Autogenomics and Nexsan are the only Southern California companies currently in registration; no work on when either of those two firms will hit the market.
