The IPO market appears to be open for Internet companies – for the right price. But the companies on the runway to launch after Memorial Day still have reason to be wary.
ZenDesk went public at a multiple of under 4 times its projected 2014 sales, according to people familiar with deal. That’s below the average 7.2 times multiple for companies in the Bessemer Venture Capital Cloud Index as of May 16, which tracks prices of publicly listed “cloud” software companies.
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To read the original article: The IPO Window Was Pried Open in May. Will It Stay Open in June? - Wall Street Journal - WSJ.com
