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The Lowdown



 Dec. 24, 2008 Post

Here's the The Lowdown from DNJournal.com! Updated daily to fill you in on the latest buzz going around the domain name industry!
Compiled by Ron Jackson
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Name Media has decided to pull to their planned IPO citing market conditions, according to their regulatory filings. The Massachusetts-based domain conglomerate (parent company of

BuyDomains, the AfternicDLS and several parking services), originally filed for a $172.5 million IPO in November 2007. In a news report today, Reuters is reporting that the number of companies that have withdrawn a planned IPO this year now rises to 103. 

Reuters said, "The market turbulence has led to the slowest year in IPOs since 2003, with more than three times as many deals withdrawn as those that have gone ahead. 26 tech companies have canceled their IPO plans this year. Those deals would have yielded an estimated $2.5 billion in proceeds, according to Thomson Reuters data."

 

(Posted Dec. 24, 2008)

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