摘要：Venture capital and initial public offerings have been the backbone of the development of new business firms for many years. However, the recent abnormal growth of stock market in the 1990s, especially the creation of the many new technology firms, has boosted venture capital formation and initial public offerings. This paper intends to shed light on the type and formation of the IPOs in 1999-2000, including the process involved, the stages of capital funding, the allotment pricing, and the risk and effects of flipping. It concludes with a brief discussion of the three new and successful IPOs.
