Tech IPO Window Is Wide Open
Today on Bloomberg's "What'd You Miss?" with Scarlet Fu and Joe Weisenthal, Triton's CEO Rett Wallace discussed the breakout performance of technology companies within the S&P 500, and what that means for tech IPOs.
"Recent tech IPOs have picked up and lost 20 billion dollars in market cap. Now though it feels almost stable. There were 18 tech submissions this year, they're up 60% on average, and they're moving down to the 30% average that you might have expected."
And as to whether IPO-tracking indexes are influencing the upswing: "We think it is more of a thematic shift towards tech than towards IPO."
Watch excerpt on Bloomberg - HERE