However, the dot-com era produced a much larger crop as 89 companies went public
, raising 9.
That would be in stark contrast with the total of 188 firms that went public
during the whole of 2006, when many start-up Internet firms rushed to debut on the market, following in the footsteps of then Livedoor Co.
EChapman raised $16 million when the company went public
on June 20, offering its common stock at $13 a share.
Some of the biggest technology firms today, in fact, went public
in slow times, he said.
For example, as the Journal noted, the prospectus for one Internet company that went public
in April included 13 pages of cautionary material outlining risk factors, including the sentence, "We have a history of losses and, because we expect our operating expenses to increase in the future, we may never become profitable.
In 1994, it went public
, becoming the first and only black bank on NASDAQ and one of only 11 black publicly traded companies.
Sawtek went public
in 1996 at a split-adjusted price of $6.