Webvan to IPO Next Week
from the massively-overhyped-IPOs dept
Well, it’s about time we had yet another massively overhyped IPO. Next week it appears the IPO of choice will be online grocery firm Webvan. For a company that’s only been in business a few months, and can currently only serve one market (San Francisco Bay Area) I guess it makes sense that they think they’re worth approximately $4 billion. And, I’m sure, by the end of the IPO the company will be worth even more. Bubble? What bubble?