The following is an excerpt from and Associated Press article that quotes Finance Professor Tim Loughran about tech IPOs. To read the entire article visit: Beyond Twitter: The next wave of tech IPOs brews
Just as one high-tech breakthrough often paves the way for the next big thing, technology IPOs move in virtuous cycles, too.
Twitter's scintillating stock market debut punctuated a procession of highly anticipated coming-out parties over the past two-and-half years, providing a springboard for a new generation of rapidly growing startups to make the leap to Wall Street.
"The market is signaling that it is very receptive again to these young, high-growth social media Internet companies," says Tim Loughran
, finance professor at the University of Notre Dame in Indiana. Twitter's successful IPO even proved that it's irrelevant whether companies are profitable, he says.