Despite all the hype in Silicon Valley, technology IPOs haven’t been this scarce since 2009, according to data released this week from Renaissance Capital.
Technology IPOs at Lowest Level Since 2009
As the media have been reporting for over a year now, the action is all in the private markets, where companies that are big enough to be public can raise more money at bigger valuations without worrying about being punished for missing guidance.
This article originally appeared on Recode.net.
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