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Reports of an overheated IPO market are greatly exaggerated

Mark Hulbert
Reports of an overheated IPO market are greatly exaggerated

Recent IPOs do not suggest that investors are irrationally exuberant. This has suggested to some that investors’ faith in these companies’ future growth prospects borders on gullibility. This is particularly true in the technology sector, as evidenced by the smaller number of young technology companies that are going public.