Google pulled a dot-com’esque IPO. Many people felt it was because they had a solid business plan and were clearly profitable. Whatever, no bricks and mortar business would IPO that way (in today’s market). Still, congrats to all who made money. I’d been fearing this’d start a larger trend it seems others were quite excited by the prospect of more easy money.

edit: whoop, forget to mention who this was. It’s the IPO of Shopping.com. Sorry.

Just under 7,000,000 shares at 18$ were released today, only to soar by over 50% to roughly 27$.

Yes, that’s a market cap of (hold your breath) 189,000,000$ on earnings of …

For the twelve months ended June 30 2004, the company generated almost $16 million in operating cash flow (or EBITDA) on $84 million in total revenue.

The second tech IPO to go extremely well. Whether we’re in “bubble mode” is anyone’s best guess (and anyone who’s smarter than me’s Educated Opinion).

Congrats to the investors. Hang onto your hats because there’s another dozen tech IPO’s who’ve been holding off about to make a run for the gates before the end of the year.