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Berger: Billion dollar IPO "bubble"
Extremely generous company valuations in the tech industry will only continue despite fears of a "bubble", according to Serge Berger. Companies like Dropbox and Airbnb currently have multi-billion dollar valuations even before any initial public offering dates have been set. Both companies are benefiting from market interest in technology and the IPO craze within the technology sector. Over the last year, twenty unlisted companies have breached the billion dollar valuation mark, in some cases long before any plans to go public.
This type of demand is cyclical and is similar to the first dot-com bubble in the 90's. This time the development of mobile technology and smartphones could spare most tech companies from suffering the same fate as those in the first dot-com crash. Evidence points to mobile internet based businesses profiting the most from the current tech IPO craze.
01:43 minutes
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