Tech IPOs set to return?
Investment bankers in Silicon Valley are busy these days, sensing a return, finally, of technology company IPOs. They're finding an audience, but we'll see if a real spike emerges.
There are plenty of reasons for optimism, according to a Fortune article. The average return from the 10 tech IPOs since April has been 30 percent, according to Renaissance Capital. The bar seems to be lower these days. According to Fortune, bankers are telling executives that if they can show revenue of just $15 million per quarter, a good business model and a path to profits, "they can deliver an oversubscribed offering." Previously, $100 million in revenue was seen as the threshold. Private equity executives as well as executives are all ears.
For more:
- here's the article
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