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January 17, 2012

Second Market CEO: The IPO Market is Dying

Ben Popper, Venture Beat


AP Photo

Bankers and brokers nibbled on spinach omelettes, looking out over a sumptuous view of midtown Manhattan, at a private breakfast thrown by Bloomberg Markets on the 29th floor of its Lexington Avenue building. Barry Silbert, the baby faced founder and CEO ofSecondMarket, which facilitates trades in private tech companies, took questions from the crowd. VentureBeat was one of only two news outlets at the event.

“Facebook is the elephant in the room, no doubt about that,” Silbert said of the social network, which is expected to IPO as early as May. “It represents a significant portion of our revenue, so we will have a big hole to fill.

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TAGGED: IPO, Facebook

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