No IPO For Seven
For all the talk about how the IPO market is opening up, it appears it’s not wide open for the wireless industry. Well hyped wireless email company Seven has pulled their IPO plans, and decided to raise more venture capital money instead. They aren’t the only ones. As the article notes, CellStar and MetroPCS also withdrew IPO plans — suggesting that investors really aren’t that enthusiastic about the wireless space these days.
