Entrepreneurs with high-tech companies are cleaning up
The stock-market surge that has been making investors steadily richer since last August is also producing a crop of instant multimillionaires: owners of companies that are selling their first shares to the public. The "new issue" boom is being fueled by rising demand from investors for high-technology stocks. According to Roger Lopata, editor of the trade journal Going Public, the cash raised this quarter alone by companies making their public debut could top the total of $1.45 billion for all of last year.
Since there is no...