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IPOs from the "Tech Bubble" ('99 - '00)


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IPO covers (prospectuses and Red Herrings) I collected during the ramp up, into and through the peak of the 1999 - 2000 Tech Bubble. I have a firm belief that Tech Bubbles have a "3 generation fund manager cycle' - roughly 17 years like the 17 year cicada. After a crash, the market goes to value investing for one generation. Then it goes to growth (P/E to growth = PEG ratios). Then it starts to go toward 'new new things' and Price / Sales until it 'uncouples'. Then the system resets again. Peaks in 1983, 2000, and one upcoming in 2017.

Published in: Economy & Finance
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