Antivirus software company Avast will have their Initial Public Offering (IPO) Thursday. The ticker symbol will be AVST. The roadshow is about at an end! Palo Alto Networks' successful IPO Friday suggests that the IPO market may be open again.
July 30 update - Avast was the most downloaded free AV product on download.com for the week ending July 29 with 1.69 million downloads.
July 25 update - Avast Software postponed its IPO on Wednesday evening, citing poor conditions.
AVG Technologies executive JR Smith told the Financial Times on Thursday that the IPO situation for CEE tech companies is likely to get worse before it gets any better. “We are a European software company and we are pretty close to what is going on here, and start-ups and those companies looking for additional capital investment will find it tougher for sure over the next 12 to 18 months.”