Oregon has eight tech IPOs in the pipeline

Oregon has eight tech IPOs in the pipeline

Eight Oregon companies are considering initial public offerings, according to a new report by CB Insights.

No tech company in the state has held an IPO since Cascade Microtech did it in 2004. That offering, relatively small, came amid a long downturn in Oregon’s tech sector that followed the calamitous dot-com bust. Even now, Oregon tech employment is somewhere around 15 percent below its dot-com-era peak.

Younger companies are the focus of CB Insights’ report, which says there are 590 tech companies nationwide in the “pipeline” for an IPO. These companies haven’t filed the paperwork for an IPO, but they’re positioned to be able to take their businesses public if they continue to grow and the IPO market remains healthy.

Read more at OregonLive.com.