[Posted on January 9, 2008 - 2:52 PM]
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Bob McCooey, senior vice president of new listings and capital markets at the Nasdaq Stock Market Inc., predicts a banner year for cleantech IPOs, with 2008 entrants likely to include wind, solar and energy management companies. (To track the performance of cleantech stocks, see the Nasdaq Clean
Edge U.S. Index,
which includes companies listed on the Nasdaq, Nyse and Amex.)Despite dropping off in the second half of 2007, tech IPOs had a good year. Eighty-six venture-backed companies went public, raking in $10.3 billion, a 51% jump over 2006, according to the National Venture Capital Association and Thomson Financial.
"Good companies can go public whenever they want," he insists, noting IPOs that succeeded after the tech bust, including Synaptics Inc. [SYNA], which went public in January 2002, and NetGear Inc., which made its debut in July 2003. - Mary Kathleen Flynn
See Jan. 2 post on 2007 IPOs from Dealscape
