ABSTRACT

The role of the IPOs was crucial in fostering economic development of the United States economy during 1990-2000. In chapter 1, we have discussed the growth of the IPOs in number and the amount of capital they raised for the new companies that floated in this decade. Here we have focused on the birth of the Internet stocks and their special place in ushering in the information-technology (IT) revolution in the world. But if 1999 was the “Year of the IPOs,” then the year 2000 was also the year when the IPO bubble was burst and the whole economy went into a recession.