Investors can be forgiven for getting excited about the global tech sector with the recent news from the NYSE that another company has gone flying out the tech IPO gates; this time it was internet domain behemoth, GoDaddy. The company raised $460 million as part of the IPO and with the shares rallying more than 30% on their first day, reached a valuation of around $6 billion. Considering the company lost $143 million last year it shows us the US tech boom is far from over.
21 Apr 2015
UK Tech Sector: Sleeping giant or hibernating bear?
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UK Tech Sector: Sleeping giant or hibernating bear?
Galasys (GLS:LON), 0 | Eagle Eye Solutions Group PLC (EYE:LON), 460 | Cirata Plc (CRTA:LON), 45.8 | Watchstone Group plc (WTG:PLU), 9.0 | Smartspace Software Plc (SMRT:LON), 90.0 | Brady Corporation Class A (BRC:NYS), 0
- Published:
21 Apr 2015 -
Author:
Derren Nathan -
Pages:
8
Investors can be forgiven for getting excited about the global tech sector with the recent news from the NYSE that another company has gone flying out the tech IPO gates; this time it was internet domain behemoth, GoDaddy. The company raised $460 million as part of the IPO and with the shares rallying more than 30% on their first day, reached a valuation of around $6 billion. Considering the company lost $143 million last year it shows us the US tech boom is far from over.