Mayflower Advisors' Larry Glazer sees trouble lurking in the market as more tech names get ready to go public.
"It's a bit concerning for investors. In particular, it's an ominous sign for the rest of technology," he said Tuesday on CNBC's"Futures Now.""These are largely technology companies. They have limited profitability — the size and the scale of which are enormous." "This is about the pipeline of deals that are coming to the market, many of which are really exciting companies," Glazer said."That's actually the problem because it comes at the expense of existing technology companies that are matured, that are already in portfolio managers' hands, that have to be sold. ... So, that massive supply may overwhelm the market."
"We want to be a little bit more patient," he said."We don't want to have a myopic view and just focus on one sector," he said.
IPO are utter Gambling. And IPO are also not available to the vast majority of people. Gobbled up by Funds and the Ubber rich.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lyft IPO: 5 things to know about the ride-hailing company ahead of its IPOLyft Inc. appears poised to beat rival Uber Technologies Inc. to an initial public offering, and that’s important for a number of reasons.
Source: MarketWatch - 🏆 3. / 97 Read more »