IronPlanet CEO Greg Owens was recently interviewed by the Wall Street Journal on the upcoming IPO of Facebook. On February 1, the social media giant registered with the United States Security and Exchange Commission for an initial public offering. The news has caught the attention of many investors and companies like IronPlanet, which are already in IPO registration.
“We’re certainly interested in the (Facebook) issue price and how the market responds to them in the first day of trading,” said Owens.
According to the article, there are 63 venture-backed companies now in IPO registration. Some, like IronPlanet, are waiting for the right time to maximize value for shareholders.
In March of 2010, IronPlanet, Inc. announced it had filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock. With no immediate need to fund-raise, zero debt and a positive cash flow, the company did not immediately go public.
“We made the decision to wait out the market until there was more stability and positive data points,” added Owens.
