ABSTRACT
Initial Public Offering (IPO) was an important part of the stock market bullishness in the 1990s. Although many IPOs were issued in the New York Stock Exchange, it was the NASDAQ market, however, which played a crucial role in this boom and took the lion’s share of IPO issuance. The NASDAQ market became the harbinger of the new information technology where a large number of IPOs took part in implementing the change in manufacturing and service industries. They, in fact, become the face of the IT revolution.
