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Tech Industry

Internet firms stall on the Street

Internet companies new to the Street--as well as online stalwarts--have taken a beating on the market of late, prompting many others to reconsider their IPO plans.

 

  latest developments 

Internet companies new to the Street--as well as online stalwarts--have taken a beating on the market of late, prompting many others to reconsider their IPO plans.

"[Internet IPOs coming now are] too much of a good thing."

- Ulric Weil, Internet analyst for Friedman Billings Ramsey

 


Net firms play wallflowers in the market
Ftd.com is postponing its public offering today, part of a growing number e-commerce and Internet companies delaying their IPOs because of market conditions.

Once-hot IPOs wither
Not even the Internet's most exclusive club--the five companies that in 12 months posted the best first-day gains--has escaped the doldrums in dot-com land.

Mortgage.com falls after market debut
Mortgage.com raised $56.5 million by selling 7 million shares at $8 yesterday, 27 percent below the middle of the $10 to $12 range set by Credit Suisse First Boston.