The arrival of September marks the beginning of the season. We begin to analyze and debate the gap between The Rich and The Poor; the Haves and The Have Nots. But in this particular instance we’re not thinking about the election of a new president, but rather the possibility of medical device companies going public.
Let’s be frank. Things don’t look good for device firms or their investors. Investment bankers aren’t holding out a great deal of hope that the window for these companies will open up anytime this year. (See "Thriving When the Device IPO Window Closes," IN VIVO, July 2008 Also see "Thriving When The Device IPO Window Closes" - In Vivo, 1 July, 2008..) Sam Navarro, managing director at Cowen & Co., says medical device companies with more than $50 million in revenue will be reviewed on a case-by-case basis. But all others likely will need to wait until the macro-economic uncertainties begin to clear up. Similarly, Michael J. Neuberger, managing director at Jefferies & Co. Inc
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