10 Highly Anticipated Tech IPOs
Technology is alive and well, and the sector's IPO market is ready to
heat up, writes David Sterman for MSN
A strong stock market is setting the stage for more technology firms to go public. These companies should be on radar screens of tech investors.
As long as the market avoids an air pocket in 2013, the coming year could
prove to be a very active period for IPOs. Indeed, we're off to a good start:
There have been $5 billion worth of IPOs completed thus far this year, according
to Dealogic. The tech-heavy slate of upcoming IPOs is being led by the debut of
an online money-transfer service that was the first tech IPO of
Here are ten other fast-growing tech companies being cajoled by investment bankers to take the plunge. A few of them may end up in your portfolio before the year is out.
Strong growth can yield robust valuations, and signs are emerging that Twitter will pull off an IPO in the next 12 months, valuing the company at more than $10 billion. Various reports suggest that Twitter had nearly $300 million in sales in 2012 and is likely to double its sales base in 2013, setting the stage for more than $1 billion in revenue in 2014.
For comparison's sake, Facebook (FB) is valued at roughly ten times projected 2013 sales of $6.65 billion.