IPO situation deteriorated, cloud computing will break through

Therese Poletti, MarketWatch's columnist, said a few days ago that tech stocks' IPO situation has deteriorated over the past year as a result of changes in regulations and bad IPOs from companies such as Facebook, and businesses have been able to A more low-key move, it is estimated that in the new year's IPO of technology stocks will be more enveloped in the atmosphere of speculation, but in spite of this, the hottest topic is still not difficult to guess.

The following is the full text of the article:

I remember a year ago now, investors are still full of enthusiasm, looking forward to embrace at any time will flood the technology IPO, and of course the most anticipated or Facebook.

However, in the end, they have been pitied, whether it is Facebook or lately or early appearance of Groupon, Zynga, etc., did not bring good luck to them.

It is now 2013, the passage of time, no more hype about the next major event in tech IPO. Social media seems to be out of breath, and the days are now cloud computing and big data companies, and the progress made by the public in advance of the new securities laws is greatly diminished.

Of course, there are still some well-performing technology IPO in 2012, but the best performance is actually in the field of enterprise computing, such as Workday, a cloud computing human resources software company, which represents the trend expected to continue this year.

"There is no doubt that there are still many good IPO in the post-Facebook era." Scott Sweet, senior managing partner at IPO Boutique, said: "Some investors and analysts think the tech industry will be overwhelmed, Not so. "

Now that we are back in our workplaces, we have officially started in 2013 and investors naturally begin to want to know where the next major event will take place. However, now I am afraid it is difficult to have many technology IPO can pick and choose. Because of the U.S. presidential election held in November last year and the heavy fiscal shadow cast by the fiscal cliff at the end of the year, few technology start-ups have chosen to launch their own IPO plans at that time.

However, more importantly, it should be said that the Startup Assistance Act came into full force. This act allows companies to file confidential documents with the Commission, which creates a new and quieter IPO environment.

Bayer, head of Class V Group, an IPO consultancy, said: "There are still a lot of things going on and there are a lot of companies are pushing their own plans, just because of the Startup Aid Act, they do not have to show the public again."

In fact, Workday was one of the first companies to sign up for the first time since the autumn of last year. Their IPO performed well and, as of Monday, the stock price was up 6.8% from its closing price on the market.

"Of course you do not want to go public for those businesses that are not yet mature yet that have not been as predictable in the first few quarters." Canaan Partners, a partner in the Silicon Valley office of venture capital firm Canaan Partners, emphasizes that " This is not a bad news, "she explained, and the secret act under the new law could give businesses the chance to test the water. "They can get themselves into one or two quarters of a year to better understand their business," she said. "Then, at a specific node, they can choose whether to go public or stop for the time being."

However, investors want to know what kind of IPO waiting for themselves in the future, much more difficult.

For example, in October last year, Bloomberg reported that Violin Memory, an enterprise data center flash development company, had filed an IPO application under the new law, with a projected transaction size of 2 billion U.S. dollars. However, the company is secretive and has not made any comment. In other words, if both a company and regulatory authorities decide that they are ready for the market and then make it public, the time it takes for the public to research on their various public documents is virtually exhaustive.

"There's only about twenty-one days before the start of the roadshow." Rick Kline, a Goodwin Procter LLP partner at Menlo Park, Calif., Pointed out that investors are "at least thirty days old if they want to study those documents." "

"I have not heard people complain about the lack of time," Klein added. "It seems like people nowadays take thirty days to study a business, which is simply a waste of time."

Investors should look carefully at the records of the filings between the firm and the SFC, rather than being surprised at what is happening in the immediate future, which is one of the lessons left by Groupon's troubled IPO.

It is a good thing or a bad thing in the end, there is still much room for discussion. "Obviously, we've learned a lot about Groupon and the challenges the company faced when it faced the SFC," Bayer said. "It's a shame that investors should not know these things anymore." You can go back and read all the documents yourself, but obviously the media will not pay enough attention. "

All in all, the first half of 2013 is doomed to be dominated by rumors and speculation until a company truly launches the listing process.

For the most part, the next view is that the next company is likely to be Workday's role in the enterprise computing market, and social media is less favored.

While some people think Twitter may be on the market in 2013, others will find it hard to agree. Anand Sanwal, chief executive of CB Insights, said: "About them, I hear more about 2014. They are still working hard to integrate their advertising model, and I think now The bad side of Facebook has not completely disappeared. "He said Facebook is at least a source of poison to the social media IPO.

Sanvoll added that performance is very important to businesses. On his 2013 IPO list, there are cloud computing, big data and data center technology companies such as Box, a cloud company that stores mobile data, Palantir Technologies, a data analytics company, and perhaps Dropbox, a cloud storage and sharing services company .

Klein said he believes that by the end of January, everyone will see some listing applications.