Table: I'm Not Going Public
Used to be, Net companies went public before they even had sales. Not anymore. Promising dot-coms are waiting, even in a stronger IPO market. Here's a sample:
Profitable search engine company with $70 million in sales says push into corporate market needs management's attention more than an IPO does.
INTERNATIONAL SECURITIES EXCHANGE
E-market for stock options made a profit in December. But in May, it raised $25 million privately. ISE says it can grow without a major capital infusion.
Online procurement site should turn cash-flow positive this year. Major shareholder Internet Capital Group is telling execs to build a longer track record.
Publisher of online tech newsletters says it will make $3 million this year on $30 million in sales, despite tech ad bust. Execs want to take risks without worrying about the Street.