, Columnist
The Ugly Technology IPO Blockage
Most likely, the blockage is going to have an unpleasant end.
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Every homeowner knows how this sad tale ends. What happens if you keep shoving stuff into a narrow pipe? Eventually you get a blockage. You have to call a plumber to clean up the mess.
Here is the snapshot of the great technology IPO blockage of 2015: The number of tech companies going public is on the wane. The ones that have completed IPOs aren’t doing so hot. For example, late Wednesday, Square became an IPO sale casualty when it priced its offering at $9 a share, or nearly one-fifth below the most modest price estimate of its bankers. Yet private technology companies continue to raise record sums of money at higher valuations.