First Web 2.0 IPO - Europe or United States?
November 14th, 2006 by Ian
This is a no-brainer right? Practically all of the major Web 2.0 sites are in the United States. Craigslist, Digg, del.icio.us, YouTube, technorati, etc to name a few. Granted, the $1.65 billion YouTube sale was to a public company, but it didn’t IPO. Europe will be first as Deutsche Bank and Lehman Brothers are taking the three-year old company OpenBC public. Thankfully they are changing their name. From Martin Varsavsky’s blog:
OpenBC, now renamed Xing, will go public in a relatively short period of time, in what is expected to be a very large IPO for this profitable community of 1.4 million members with a revenue run rate of around 3 million euros. German media sources say that Xing´s will be a huge IPO of over 50 million euros.
