By a few key measures, the surge in the technology and internet space isn't even close to the boom that peaked in 2000 when the tech-heavy Nasdaq touched a...
Livewire
By a few key measures, the surge in the technology and internet space isn't even close to the boom that peaked in 2000 when the tech-heavy Nasdaq touched a peak of 5,408.62. Yesterday the Nasdaq closed at 4,234.27- 22% shy of that peak. Between 1999 and 2000, 794 tech stocks listed on either the Nasdaq or the NYSE. By comparison only 86 tech firms went public during 2012 and 2013. So far in 2014 only about 10 tech companies have gone public. In addition, the IPOs that do hit the market are also more modest than they were during the tech boom. In 1999 and 2000 the value of tech IPO's hit a whopping $82 billion, compared to just $30 billion during 2012 and 2013. So far this year, the tech IPOs that have come to market are worth about $1.6 billion. (VIEW LINK)
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Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
Expertise
No areas of expertise