Handicapping the IPO candidates
June 3, 2009
How many possible VC-backed IPOs are still in the pipeline this year, after two successful offerings (OpenTable and SolarWinds) broke the IPO drought? VentureWire has handicapped the seven, possible venture-backed IPOs in the pipeline, and finds just one in Southern California– Thousand Oaks-based Nexsan.
Disk-storage-systems maker Nexsan also has doubled its revenue over the last three years, leaving it with $62 million for its latest fiscal year ended June 30. However, that growth slowed considerably in the six months ended Dec. 31, with revenue climbing just 8% to $32.5 million.
