Financial Times FT.com

First tech float in months fails to boost sector

By Richard Waters in San Francisco

Published: August 8 2008 21:20 | Last updated: August 8 2008 21:20

Wall Street saw its first market listing by an information technology company in six months on Friday, although analysts said the weak reception for the stock showed that the window for tech start-ups to access the public markets was still generally closed.

The dearth of tech flotations this year has left a chill on Silicon Valley.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this