Friday, May 22, 2009

SolarWinds Breaks Nine-Month IPO Drought


SolarWinds develops simple and powerful software for managing networks, small or large. Our company culture is defined by passion for innovation and a philosophy that network management can be simplified for every environment.

SolarWinds products are used by more than one million network engineers to manage IT environments ranging from ten to tens of thousands of network devices. Comprised of fault and performance management products, configuration and compliance products, and tools for engineers, the SolarWinds product family is trusted by organizations around the globe to design, build, maintain, and troubleshoot complex network environments.

SolarWinds is headquartered in Austin, Texas, with sales and product development offices around the world.

Shares of SolarWinds, which started trading Wednesday on the New York Stock Exchange closed Thursday at $13.79, 10 percent above their offering price of $12.50.

Only 6 VC-backed technology start-ups went public last year; the fewest since 1977 and down from 86 in 2007, according to the National Venture Capital Association. The last such company to go public was Rackspace Hosting in August. Shares of that company are down 6 percent since then.

12 comments:

Anonymous said...

Thank god. Great roadshow presentation. Goldman rocks.

Anonymous said...

M&A and IPOs are BACK.

GO DDUP

Anonymous said...

can you say.....?


VMWARE!!!!!!!!!!!!!!!!

Anonymous said...

hard to call this an identifiable trend

Jerry said...

I totally missed this opentable and rosetta. akkkkkk

Brent said...

Good thread here. I'm going to short this when it gets higher.

Anonymous said...

As the global economy spirals into recession, retrenchment seems to be the order of the day for many high-tech companies.

b said...

no shares to short. this is unbelievable.

Anonymous said...

brent you are right. i am selling my gains and partying like it's 1999

Anonymous said...

stop holding out on me!

Jon said...

we are torn between 2 rallies

Anonymous said...

that goes without saying