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Recent US IPOs among biggest gainers amid Nasdaq's afternoon turnaround today - Twitter (up 11.4%), Castlight Health (up 7.7%), Workday (up 6.6% (2012 IPO)) -...

Anthony Hughes

Thomson Reuters

Recent US IPOs among biggest gainers amid Nasdaq's afternoon turnaround today - Twitter (up 11.4%), Castlight Health (up 7.7%), Workday (up 6.6% (2012 IPO)) - recent IPOs had felt the brunt of the recent sell-off simply because they had produced massive outperformance versus the broader market and were overvalued, but these are still some of Silicon Valley's best growth companies and are growing top-line at a very fast pace (50-100% plus) in a growth-starved world...though there are a lot of IPOs pricing this week (tho mostly non-tech) there will be a breather for at least few weeks after this...


Anthony Hughes
Anthony Hughes
Senior reporter - Equities
Thomson Reuters

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