There hasn't been a lot of successful tech IPOs this year, and the lukewarm response Square has drawn from Wall Street shows investors may not warm up to
large tech companies going public for the rest of the year.
Not exact matches
While some
larger tech startups have recently delayed
going public, Square's filing has been expected and records show the
company previously filed a confidential declaration of its plans over the summer.
The
company could become the
largest tech IPO since Snapchat
went public in early March.
«There's truly getting to be a few
companies at such a scale, like Amazon, Google, Apple, Microsoft and Alibaba and Tencent that the world is
going to be like a barbell, with a
large gap in between with humongous
tech and IT service providers on one side and everyone else on the other,» Townsend said.
Sticking to Asian
companies and the mobile market, Chinese phone maker Xiaomi filed to
go public in Hong Kong and raise up to $ 10 billion, which would easily rank as the
largest initial public offering of the year and third all - time among
tech companies, trailing only Alibaba and Facebook.
Since Nortel Networks Corp.
went bankrupt and BlackBerry Ltd. flamed out, there has been a shortage of truly
large anchor
companies in the Canadian
tech sector.
This year's edition of Mobile World Congress is
going on in Barcelona, Spain, and since it is one of the
largest consumer technology shows in the world, several
tech companies announce some of their best products for the year.
Larger legal
tech companies are merging with smaller legal AI
companies to seek powerful synergies (special shout out to iManage and RAVN, obvs...), the number of conferences dedicated to, or specially featuring, legal AI, has
gone from one or two a year, to what must be well over a dozen or more.
While they don't explicitly tie TrueDepth camera production issues to any reasoning for the trials —
large tech companies do order test runs for their products at their contracted plants on a routine basis — it's the issue freshest in mind for any stumbling blocks
going forward.
This year's edition of Mobile World Congress is
going on in Barcelona, Spain, and since it is one of the
largest consumer technology shows in the world, several
tech companies announce some of their best products for the year.