America's Ipo Edge

It's like watching the birth of a new galaxy. From Netscape Communications to Boston Beer, hundreds of new companies are going public, the explosive stage of a process that begins with basement startups and continues until a business is large and viable enough to tap the public capital markets. In 1995, initial public offerings are expected to raise a stunning $29 billion, laying the foundation for the next cycle of U.S. prosperity. What's more, the new businesses energize the entire economy, as established companies speed up their own innovation to avoid being blown away.

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