It’s been a slow start on the AIM and Plus Markets for IPOs in 2008, in single digits monthly and only a couple of tech start-ups amongst them.
And it appears that over the pond in Silicon Valley the same slowdown is taking place – just one in the first quarter – ArcSight (ARST), which makes security and compliance software. For the same period last year the score was nine startups.
Where IPO is stagnant M&A seems to be taking up some of the slack, but this is displacement activity. Everyone knows there is a whole heap of ideas waiting for take-off but until the money men sort themselves out it would seem we’re all just going to have to keep surfing youtube for kitteh videos.
