eBay IPO raises $63 Million
Yesterday eBay Inc got its initial public offering out the door and raised almost $63 Million. The fears of a week ago that it would flop – at the high-end of a target price rage that was raised at the last minute by the lead underwriter, Goldman Sachs & Co Inc. has not come true.
But eBay’s ability to move forward with its IPO was not enough to keep other Internet companies from delaying their IPO plans. For example, Value America, another player in the Internet commerce space, yesterday said it would delay its IPO due to “market conditions prevailing for IPOs.”
