Anthony Hughes

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...



Comments

Please sign in to comment on this wire.

Chris Titley

Thanks for the answer - loved your stuff at the fin, great to hear your views again here, particularly in the tech space where Australians are probably less familiar in terms of predicting valuations

Chris Titley

Anthony, do you think the Nasdaq pull back recently will continue longer term or do you think we will see another ongoing rally ?

Anthony Hughes

thanks Chris! will chime in when i see something that might be interesting and relevant, hope all is well there

Anthony Hughes

I don't really know but there's a prob a few months breather in tech IPOs while the earnings season is digested. with some of these software names down 30% plus some people might see a bit of value and then you'll have the hype machine crank up for the Alibaba IPO early in the second half