Greetings from New York, where I spent the week with subscribers and catching up with the industry that Silicon Valley loves to hate (but doesn’t really): Wall Street.
With tech giants like Snapchat and Dropbox eyeing IPOs next year, I was curious what bankers would tell me about the preparations. More importantly, I wanted to know how the public markets would view these tech darlings that have been hiding in private for so long.
I was surprised.
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Traditionally public market investors like Fidelity, BlackRock and T. Rowe Price are doing everything they can to encourage companies to go public.
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