Tech IPOs Are Front and Center Again: Kedrosky

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Sept. 20 (Bloomberg) -- Bloomberg Contributing Editor Paul Kedrosky comments on the return of the hot tech IPO. He speaks with Emily Chang on Bloomberg Television's "Bloomberg West." (Source: Bloomberg)

What do you make of this?

It is incredible.

I've been arguing this for a year.

We are in the verge of a tech ipo liftoff.

If you say often enough, it becomes true.

We are sitting there looking at companies that for the most part people do not know a lot about.

They were not high profile names that people talked about and would be waiting for them to go public like twitter or facebook.

During much of things coming together.

Technology is front and center as a growth story.

There is a scarcity of names of potential investor saying shoving his have not heard.

I am tired of the old names.

The hewlett-packard's. they want to see new names.

The way you get new names is the new public offerings.

Public officers have done year to date, i was looking at the ipo that was up 40 cybersecurity date.

It is not surprising that all of this comes together.

Almost every solid name that comes forward is seeing huge performance.

I was speaking with square seo jack dorsey earlier and i asked him about, we cannot talk specifically about the twitter ipo, i asked him whether there was a new bubble forming.

Not surprisingly, he said bubble, what bubble?

Do you think it is a liftoff or the beginning of another bubble?

It could be the beginning of a bubble.

Hugely positive because we watched the number of listed names follow u.s. public markets and the last decade plus.

We never recovered from the technology side of nasdaq.

An awful lot of companies that cannot go public did not get out.

All of a sudden, this incredible supply of quality names that can get out with revenue and profits.

The only thing is it has taken so long for this to actually happen.

I do not know if it is a bubble.

A natural rearrangement, we are getting a bunch of companies.

Some deep structural issues like many tech ceos say i do not want to go public.

The reason is because they are petrified of having an activist investor come in and make their life miserable.

They said i do not need that in my life will stop that -- life.

That is new.

It is happening.

What the milford twitter?

Could we see them go public sooner?

-- what does this mean for twitter?

Should they go public sooner?

Whenever they go public, it will be an issue that people are going to find.

There are no two ways around it.

Do not know what the valuation will look like.

Is a time -- is a good time sooner rather than later.

They are in a lucky position like facebook.

Maybe not like facebook.

In terms of having recognition.

Positive coverage whenever it comes out.

Given the filing is confidential and we do not know a lot about the financials and/or work out issues with the sec, we are not going to have as much time to pore over the numbers as we have had in the past with facebook.

Do you think that could be a problem or a risk for twitter that investors may not understand it very well by the time they do go public?

It is going to be one of the first interesting test cases of that safe harbor privacy act that allows you to secretly file or quietly and then, out and go the normal process of trying to get investors up to speed.

It'll be interesting to see how it goes.

Twitter's this is like google's is not that complicated.

If you know a fair amount about what the main source of revenue, the public disclosures and they have named.

Investors are comfortable it is a google like advertising business and they know how to think and value those.

It is not complex.

It makes sense.

Hopefully, what ever pace it comes out, they can apply the models and do the right calculations.

Will all be watching.

Paul kedrosky, thank you for

This text has been automatically generated. It may not be 100% accurate.


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