07:54 AM
The Analytics Job and Salary Outlook for 2016
Jan 28, 2016
With data science and big data top-of-mind for all types of organizations, hiring analytics profes ...Read More>>

How About Those IPOs?

The sad reality is that, in this market, last week amounts to a red-hot one for tech initial public offerings: three IPOs, one of which never got above its offering price.

Both of the more successful offerings were weighted toward services for health care and government. Computer Programs & Systems is a 23-year-old Mobile, Ala., company that provides IT to hospitals. It was trading on Nasdaq at about 14% above its offering price by week's end. SRA International, a Fairfax, Va., company that jumped 26% on first-day trading May 24 on the New York Stock Exchange, provides consulting and system integration for government agencies and health care, particularly in data mining, disaster recovery, and system management. Its contracts include a large number of ongoing projects related to defense and national security.

A deal that won't bring life back to tech IPOs was last week's $50 million Nasdaq offering by Altiris. The Lindon, Utah, company, which makes IT systems-management software, was down about 15% in its first two trading days.

Comment  | 
Print  | 
More Insights
Register for InformationWeek Newsletters
White Papers
Current Issue
How to Knock Down Barriers to Effective Risk Management
Risk management today is a hodgepodge of systems, siloed approaches, and poor data collection practices. That isn't how it should be.
Twitter Feed
InformationWeek Radio
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.