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High-Tech Offerings Make a Comeback

dealbook.blogs.nytimes.co

The window for public offerings is slowly beginning to open after largely being closed to technology companies since the double whammy of the dot-com downturn and the Sarbanes-Oxley Act of 2002, which imposed expensive accounting responsibilities on public companies, The New York Times writes.

According to preliminary data from the National Venture Capital Association and Thomson Financial, there were 27 public offerings of venture-backed technology companies in the last three months. That is more than any quarterly period since the Google-fueled buzz of late 2004 — and before that, since the heady days of the late 1990s.

“There is no question that for Internet and networking communications companies, the market was slammed shut for several years,” said Jim Breyer, managing partner at Accel Partners in Palo Alto, Calif., which has a stake in comScore, the Internet traffic measurement company that went public on Wednesday.

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