AfterDawn: Tech news

InterVideo sets IPO terms

Written by Jari Ketola @ 03 Jun 2003 16:05

DVD-player software maker InterVideo Inc. has set pricing terms for an initial public offering. The company is planning to sell up to 2.65 million shares at $11-13 per share, which adds up to $34 million.
InterVideo withdrew its IPO last January, and now filed them again under new auditors -- KPMG LLP. American City Business Journals sees InterVideos move as a sign of the recovering IPO market. In year 2000 the markets suffered what is known as "dotcom crash" when investors realized that there's actually no profit to be made in, say, chatrooms. Internet companies could get no more funding through IPO and hundreds, if not thousands of sites went out of business, and tens of thousands of people lost their jobs. It has taken the investors years to turn their eyes back on the Net.

Source:
East Bay Business Times

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