IPO rush creating 'ominous sign' in tech market, $3.5 billion money manager warns

  • 📰 CNBC
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Mayflower Advisors' Larry Glazer is discouraging investors from the tech space as more companies get ready to go public.

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

IPO are utter Gambling. And IPO are also not available to the vast majority of people. Gobbled up by Funds and the Ubber rich.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »