Bloom Energy IPO Buzz Based on Hype
February 24th, 2010
Bloom Energy IPO Buzz Based on Hype. Sunday’s episode of “60 Minutes” chronicled a new invention – the Bloom Box. The show hailed the innovation and noted how consumers could generate their own power without using a power grid. Because of this, energy bills would be cut and households could reduce their carbon footprints.
The hype began. Since this sounds like the next big thing – and no one wants to miss out on investing in the next Apple or Microsoft – IPO mania is all the rage. People are trying to figure out if or when the Sunnydale company will begin trading on the stock exchange.
Anxious potential investors shouldn’t hold their breath for too long. The company has made no indication that they plan to begin trading. According to Green Chip Stocks, John Doerr – the billionaire venture capitalist that is currently backing Bloom Energy’s invention – says there aren’t any plans in the immediate future for an IPO. They report:
Doerr said it’ll be nine years before they think about an IPO, even though it has “substantial revenues and orders.” According to Doerr, there is simply more “capital required to grow a great green company.”
Still yet, it’s worth it to keep any eye on the company, especially if you believe in their vision. There’s still a lot of controversy over whether or not the Bloom Box is the next big thing or if it’s just the next big fad.
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