October 3, 2006 -- The IPO market is not what it used to be.The number of successful offerings has fallen dramatically in the last twelve months, and prices were lower than expected in almost all cases. Many companies have started looking for alternative financings or exits. Prominent healthcare VCs are singing the praises of acquisitions, buyouts, and mergers. This would not be happening if IPOs were doing well. Even though the US market is weak, the same cannot be said of the overseas markets. And US companies are taking advantage of the difference...
