Orbitz Files For IPO (Again)
from the slowly,-but-surely... dept
Slowly, but surely, the dot coms are starting to peak out onto Wall Street again. Online travel site Orbitz (which is owned by a bunch of the major airlines) has now filed to go public. They did so once before, and ended up pulling the deal, but it appears more and more of the surviving dot coms (such as RedEnvelope) are feeling comfortable about leaving their private lives behind. While I'm no fan of IPOs for the sake of an IPO, having the IPO window open for tech companies is going to help the overall industry recover. It means VC investors will be more willing to open their wallets - as one of their major exit strategies becomes viable again. That will encourage new companies, new products, and new growth.