Internet companies are breaking the January mould by floating on stockmarkets.
Traditionally January is slow for new stocks, but experts believe an internet company flotation rush is being caused by high private investor demand for technology stocks.
In Europe, new flotations will include Lycos and Bertelsmann who are set to take their internet joint venture to Frankfurt-based Neuer Markt.
In the US, portfolio manager for the initial public offering fund at Renaissance Capital Lynda Killian says: “This time last year we had just finished the longest IPO drought in memory, but we've the opposite issue now. There are 169 companies in the pipeline and internet IPOs account for about 60 per cent.”