ePRO, 36.com join race for IPO dollars as market shrinks

ePro and 36.com join the race for investor dollars, as companies abandon their high aims and prepare to accept any price.

In the fourth and fifth months of this year, as the market for technology stocks soured, it was common to hear companies and their bankers declare they wanted to list their shares but would not sell at just any price. ColbyNet, a Hong Kong sourcing company, Singapore-based portal Catcha.com, run by a young man barely out of his teens, among others postponed their listings rather than sell on the cheap.

Today companies are showing more willingness not just to sell but to sell at any price. Last week Grandmass Enterprise Solutions became the first to sell stock on Hong Kong's Growth Enterprise Market for less than...

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