An ETF Stuffed With Tech IPOs Outpaces the Stock Market - Bloomberg
U.S. technology IPOs have been booming this year, rising 77 percent on average, weighted by offering size, according to data compiled by Bloomberg. All other new U.S. listings average a 12 percent return. Next week may be the busiest of the year for IPOs, with 11 planned deals, mostly from biotechnology firms.
“Some people think this is the Uber market, that we’re just going to run until the Uber IPO happens,” Rett Wallace, chief executive officer of Triton Research, said on Bloomberg TV last week. “People get excited for the big ones.”
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