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September 22, 2006

Tech IPO Thesis is Intact

My "return of the tech IPO" thesis is intact, and is arguably even reinforced. Three recent tech IPOs -- two of which were today -- have performed well. Highlights:

CompanyPricingFirst-day close
DivXAbove range+16.0%
RiverbedAbove range
+47%
CommVaultAbove range
+6.0%

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Comments

Paul, it will be very interesting to see how the Shutterfly IPO debuts.