The UK is Europe's Internet and new media hot spot, with dozens of companies likely to go public next year. For a time its shares dropped below their original offering price of 150p, but since then the company has fared better, with shares again on the up and up.
Venture capitalists hope so.
After a period when Europe was criticised for failing to see the potential in high-tech startups, investment is now on the rise. Last year, venture capitalists invested E1.5bn in startup businesses in all sectors, but Internet venture-capital investments worth more than E1bn have been announced in the last few weeks alone. 2001 ZD Inc. All rights reserved. ZDNet and the ZDNet logo are service marks of ZD Inc.