Rackspace fate affecting other tech IPO’s?

Convio, an online startup based out of Texas no less, has withdrawn its IPO. They mentioned a “weak economy” and “skittish stock market”, but what may have really spooked them was the fate of Rackspace, who had their IPO last week. Rackspace had all indicators going for it yet has pretty much tanked, not completely, but surely not as successful as had been hoped. There is no shortage of theories or analysis why this has happened to Rackspace, but what is clear is that something affected this company’s fate.

Solid performances and sustained financial success could get the company back to what they had hoped, barring futures unforeseen factors. It just seems that this has not been a tech year for IPO’s thus far..