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Culture

New offerings pump life into IPO market

A new parade of promising initial public offerings hits Wall Street. Foundry Networks makes a stellar debut, while Playboy and Charter gear up for upcoming offerings.

 

  latest developments 

A new parade of promising initial public offerings has hit Wall Street. Foundry Networks makes a stellar debut by gaining more than 500 percent, while Playboy and Charter plan their upcoming offerings.

"A lot of traditional media companies are [taking] advantage of the bull market in technology stocks."

- Aram Sinnreich, online content analyst at Jupiter Communications

 


Networkers jazzed by IPO success
In a sign of renewed strength in the networking industry, Foundry follows other leaders and hammers out one of the best ever public stock debuts.

Foundry Networks IPO soars 525 percent
update Foundry Networks' stock rises more than sixfold, the second initial public offering by a maker of computer networking switches in less than a week.

Playboy to share Net wealth with IPO
update Playboy Enterprises plans to spin off part of its Internet business unit early next year, in the latest attempt by a media giant to profit from the Net.

Allen's Charter may become largest IPO ever
In one of the largest public offerings ever, media mogul Paul Allen unveils plans to raise close to $3 billion from a Charter Communications IPO.

Previous coverage
FreeShop goes on a market spree
Shares of FreeShop, which provides free product samples via the Internet, climb 23 percent as its IPO hits Wall Street.

AltaVista to climb new heights with IPO
update AltaVista will finally get a chance to follow its Web portal rivals onto Wall Street with a public stock offering early next year, the site's new owners said.