Beyond Twitter: The next wave of tech IPOs brews

The following is an excerpt from and Associated Press article that quotes Finance Professor Tim Loughran about tech IPOs. To read the entire article visit: Beyond Twitter: The next wave of tech IPOs brews

Just as one high-tech breakthrough often paves the way for the next big thing, technology IPOs move in virtuous cycles, too.

Twitter's scintillating stock market debut punctuated a procession of highly anticipated coming-out parties over the past two-and-half years, providing a springboard for a new generation of rapidly growing startups to make the leap to Wall Street.

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"The market is signaling that it is very receptive again to these young, high-growth social media Internet companies," says Tim Loughran, finance professor at the University of Notre Dame in Indiana. Twitter's successful IPO even proved that it's irrelevant whether companies are profitable, he says.

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