Tech IPO 'Super Cycle'

Published on17 JUN 2019

The technology IPO market is in the midst of a “super cycle” after a decade of companies staying private longer, according to Nick Giovanni of Goldman Sachs’ Investment Banking Division. "There are over 300 private companies with private valuations over $1 billion, and dozens that have valuations over $10 billion, and so there are just more large private companies waiting to come public than at any time in the past," Giovanni says in the latest episode of our video series, The Long and Short of It.