The market for technology IPOs has improved this year, but it is
mainly open to elite companies that can boast of strong growth
potential, while others will face a tougher hurdle.
“It’s actually open but it’s discriminating,” said Michael Grimes, managing director of global technology at Morgan Stanley, at the TechCrunch Disrupt conference in San Francisco this week.
“There are quite a few deals that haven’t been able to be done…There’s demand for high growth, high cash-flow, and a disruptive business model. At the same time, supply isn’t necessarily aligned with demand.”
To read the full, original article click on this link: In Darwinian Era, IPO Window Becomes More Of An IPO Screen - Venture Capital Dispatch - WSJ
Author: Tomio Geron
