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00:00BECAUSE OF THAT SHORTAGE, NOW IS A TIME TO GO PUBLIC. >> IT HAS BECOME AN INTERESTING MIX BECAUSE THEY HAVE TOPLINE GROWTH AND PROFITABILITY IN COCKTAIL IS MAKING FOR WHAT THE BUY SIDE REALLY WANTS. EQUITY INVESTORS ARE AT A TIME WHERE THEY WANT TO BUY INTO NEW ISSUANCE. THERE'S JUST NOT A LOT OF COMPANIES THAT LOOK LIKE TRADE IS OUT THERE. WE ARE AT THIS INTERESTING INFLECTION POINT AT THE CEO GOT AT IN OUR CONVERSATION THIS MORNING. I WOULD BE INTERESTED TO HEAR -- YOUR BACKGROUND WAS IN PRIVATE MARKET AS WELL AND YOU ARE FAMILIAR WITH THE CONVERSATION GOING ON WITH THE OPTICS AROUND A POTENTIAL DOWN ROUND OR FLAT ROUND WHEN THEY GO OUT. HOW IS PLAYING OUT THE COMPANIES LISTING IN THE LAST HALF OF THE YEAR? GUEST: IF YOU LOOK GET THE ONE THING THE IPO ME, IT IS CRITICAL BECAUSE AS YOU ARE RECRUITING TALENT, YOU NEED TO PUT REAL VALUE IN YOUR EQUITY BY PROVIDE THE LIQUIDITY FOR YOUR EMPLOYEES. OTHERS ARE WORKING THROUGH THE NASDAQ PRIVATE MARKET TO FIVE WITH WE HAVE HAD A RECORD YEAR. EMILY: ARE YOU EXCITED ABOUT THE PRIVATE FUNDING SIDE AS WELL GUEST: GUEST:? THERE HAS BEEN A PULLBACK IN TERMS OF EXPECTATIONS. THOSE FUNDINGS WILL COME WITH DIFFERENT LIQUIDATION PREFERENCES IN TERMS. EVERYTHING CONVERTS TO COMMON AND THERE'S A LEVEL PLAYING DEAL. EMILY: WHAT DO YOU SEE IN THE PIPELINE FOR THE REST OF THE YEAR? GUEST: WE ARE EXCITED TO SEE COMPANIES GO OUT AND START EXPLORING THE PUBLIC MARKET. IF YOU LOOK AT OUR WIN RATE, WE HAVE RUN 80% OF THE TECH DEALS THAT HAVE COME TO MARKET. EMILY:EMILY: TALK ABOUT THE COMPETITION WITH THE NEW YORK STOCK EXCHANGE AND HOW YOU SEE THAT EVOLVING AND WHAT YOUR STRATEGY IS GUEST:. WE ARE REALLY INVESTED HERE ON THE WEST COAST. IT'S IS BASED IN SAN FRANCISCO WHERE WE EDUCATE THE NEXT GREAT GENERATION OF ENTREPRENEURS. AND AS THAT PRIVATE MARKET IS A HUGE AS OF THIS, GIVING US A CHANCE TO ENGAGE WITH THESE COMPANIES BEFORE THEY GO PUBLIC AND WHEN THEY ARE LOOKING AT AN IPO AND GOING PUBLIC, OUR BEST IN CLASS SERVICE OFFERING. EMILY: AND YOU GUYS, FOR THE COMPANIES THAT HAVE BEEN WAITING FOR WATCHING, ARE THEY GETTING IN? HOW ARE THEY FEELING BEHIND THE SCENES? GUEST: FOR THE COMPANIES THAT ARE NOT PROFITABLE, HAVE GO OUT AND LOOK FOR FUNDING. DO THEY WANT TO CONTINUE TO TAP THE PRIVATE MARKET ? LONG-TERM, THE LIQUIDITY THAT COMPANY CAN GET IN THE PRIVATE MARKET IS NOT IN COMPARABLE TO WHAT YOU GET IN THE PUBLIC MARKETS. ULTIMATELY, THEY ARE LOOKING AT A PUBLIC EVENT OR M & A. IT DEPENDS ON THEIR LONG-TERM VISION. ALEX: WE TALKED ABOUT THIS A LITTLE BIT THAT YOU HAVE ALL OF THESE UNICORNS AND ALL OF THESE INVESTORS. THEY HAVE TO GET AN INVESTMENT, SO HOPEFULLY IT'S A LITTLE BUSIER BUT IT MIGHT NOT BE SEVERE ON THE IPO FRONT. AND THEY WILL BECOME A BIGGER VIEWS OF THIS EQUATION HAS

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Trade Desk Pops in Market Debut

Nasdaq head of west coast listings Jeff Thomas and Bloomberg’s Alex Barinka discuss 2016 initial public offering activity in Silicon Valley with Emily Chang on “Bloomberg West.” (Source: Bloomberg)

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