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Dan Gallagher at the WSJ says keep one eye on the IPO market for clues on whether the tech selloff Is real
Dan Gallagher at the WSJ says keep one eye on the IPO market for clues on whether the tech selloff Is real. The willingness of the public market to continue bestowing high valuations on young companies that often lack profits will offer the biggest clue as to whether the recent selloff is a blip or something bigger. So investors should watch the IPO market closely. This has been frothy: The first three months of 2014 saw 64 companies raise $10.6 billion in the U.S., making it the busiest first quarter since 2000, according to Renaissance Capital. (VIEW LINK)
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Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
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