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Take My IPO . . . Please!

Your public offering is dead in the water, and it doesn't look like the market will save it anytime soon. Now what?

This story appears in the June 2001 issue of Entrepreneur. Subscribe »

Ah, 1999. The days when companies were going public like raindrops, and stock prices were soaring through the roof before the sound of the opening bell had even faded. The days when young companies counted the minutes to their IPOs and then reaped the multimillion-dollar benefits.

"An IPO was a cheap and easy way to raise money," says Nick Hanauer, a founding partner of Seattle-based VC firm Second Avenue Partners and an early investor in "The markets were frothy and irrational."

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