3Par, the latest money-losing storage company, files for IPO
There was struggling Classmates.com.
Now it’s more data storage companies. They’re all losing money, but running like lemmings to go public before the IPO window shuts. The window of IPO opportunity is still open, but precariously so, because the liquidity crisis hitting the markets is making investors very nervous.
The latest is 3Par, of Fremont, which has filed to raise $100 million even though its losses are widening ($4.7 million in the quarter ending June 30,… Continue Reading