Mitel Ponders IPO

Speaking at a global business opportunities conference last week Reuters has reported Mitel Chairman Terry Matthews as seeing an opening for his planned IPO coming sooner rather than later.

Matthews continues to monitor the health of technology stocks on the markets as he considers the timing of a much-anticipated $150 million initial public offering of Mitel.

“The reason for the delay has been clearly stated. All you have to do is look at May/June of this year and 50, 60, 70 IPO attempts were pulled. And not only that, about the same number did go IPO and they ended up with the price dropping after they went public,” he said.

Matthews said he will monitor the investment climate “until there’s a change in the sentiment, and it may be starting now. Certainly the technology stocks are beginning to do a little better.”