Tech IPO's

OpenTable signaled initial pricing at $12-$14 per share, later estimated $16-$18 per share and ended up opening on the stock exchange at $20 per share. Maybe there is some pent-up demand for tech IPO’s out there? It traded as high as $33 on it’s first day, but has settled back to around $30.50 and has some resistance at $31.

Austin-based SolarWinds hasn’t has as big of an early burst. It was the first venture-backed company to go public in almost a year. The IPO priced at $12.50, slightly above its expected range of $9.50 – $11.50 per share. Shares rose as high as $15, and it has settled back to $13.50 at this moment. You can check out a brief video on CNBC from the opening day.

Short-term results aren’t terribly meaningful, it’s staying power that counts. Of the crop of 13 Austin companies that IPO’d at the height of the boom in 1999 only two remain; Perficient and Crossroads.

This entry was posted in Consumer, Enterprise and tagged by Bryan Menell. Bookmark the permalink.

About Bryan Menell

Bryan is the Managing Editor for AustinStartup and the Director of the Collaboratory at Dachis Group. He is a co-founder of Capital Factory, on the board of Texchange, and runs the popular Austin Tech Happy Hour with his wife. He advises early stage technology companies including Socialware, SpeedMenu, and AudiencePoint.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>