IVP venture capital Sandy · (Sandy Miller), said many start-ups have begun to prepare the listing material, but this does not mean that the IPO market began to heat up.
added that many start-ups are still holding a wait-and-see attitude, only a handful of companies to submit a listing application to take practical action.
he expects the IPO market will have to wait until the third quarter before the thaw began. Miller said at a press conference on Tuesday: "now the market is very quiet, no one wants to break the status quo."
many startups are likely to wait until the fourth quarter or even 2017 will be listed. That is to say, from the beginning of the first quarter of this year, the technology industry, the IPO winter may last a year.
why? The answer is very simple, now the market is not good, many technology companies do not need discipline listed, and the United States election situation is still whirling, further increase the uncertainty of the market.
IVP partner Eric · (Eric Liaw); Leo believes that many startups want to wait until after the election or at least to determine who will win the election will take action, because they can see the market will do what the reaction to the election results.
although the focus of the market is valued at more than $1 billion Unicorn company, but Miller is expected to be listed on the first may be the valuation of smaller, has begun to profit in the start-up company. Small companies like Yelp, OpenTable and Zillow are likely to take the lead.
at the same time, those who want to venture through the way to raise funds and private startups will now find market atmosphere and a few years ago is not the same.
Miller said: "the market is not very bad, but certainly not in 2014 and in 2015 compared to the situation. The opportunity to raise funds still exists, but the cost is not as low as before, not as easy as before." (Lin Jingdong)