Tech investors across the spectrum are tipping the sell-off to continue and begin to affect private market valuations, but say they are “looking beyond the noise” in their portfolios.P/ASX All Tech Index is down more than 19 per cent for the year to date, trading at its lowest point in more than a year. The market turmoil caused it to lose 9.4 per cent last week alone.
In the private market, the year has started with a bang, with capital raisings worth hundreds of millions of dollars already announced by Aussie founders. “There’s been a very strong run up in stock prices of high-growth tech companies for a number of years, particularly starting from March 2020, when the COVID-19 winners performed very well,” he said.
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