{"id":9752,"date":"2011-07-25T03:07:35","date_gmt":"2011-07-25T03:07:35","guid":{"rendered":""},"modified":"2011-07-25T03:07:35","modified_gmt":"2011-07-25T03:07:35","slug":"Despite-record-IPO-week-NASDAQ-CEO-doesn-t-see-a-bubble","status":"publish","type":"post","link":"https:\/\/asiancemagazine.com\/?p=9752","title":{"rendered":"Despite record IPO week, NASDAQ CEO doesn\u2019t see a bubble"},"content":{"rendered":"

Read more here<\/a>The NASDAQ stock exchange just posted a record week for initial public offerings, with companies including Zillow and Skullcandy pulling in roughly half a billion dollars in three days. Next week, the stock market will see seven separate IPOs.<\/p>\n

Taking the weeks of July 18 and July 25 together, the NASDAQ expects these IPOs will raise a cumulative $1.43 billion.<\/p>\n

And let\u2019s not even get started about the upcoming Groupon IPO or the expected (but not yet confirmed) Facebook IPO, which could value the social network as high as $100 billion.<\/p>\n

So are we in a bubble yet?<\/p>\n

\u201cWe\u2019re happy to have a great week this week, but I obviously don\u2019t look at any one week with any degree of importance,\u201d NASDAQ CEO Bob Greifeld told VentureBeat.<\/p>\n

While the number of IPOs has been steadily increasing for three years, Greifeld said the overall picture is relatively balanced. \u201cWhen you look at the valuations we\u2019ve seen over the last three years, they reflect a sober reality,\u201d he said. \u201cIn the aggregate, the pricing has been relatively fair.\u201d<\/p>\n

Greifeld echoed a point of view we\u2019ve heard other entrepreneurs and VCs adopt recently: The companies going public now are older, more seasoned and have more revenues than the frothy IPO days at the height of the dot-com bubble in 2000-2001.<\/p>\n

Sure, Zillow and Pandora may not be generating profits (although Zynga is quite profitable), but by and large, the companies going public now at least have revenue streams, paying customers and an established market. Contrast that to dot-com excesses such as Webvan and Boo.com, and the difference is clear.<\/p>\n

Of course, the head of a stock exchange has as much interest in stoking market excitement as any entrepreneur or VC; it\u2019s no surprise that he\u2019s not pouring cold water on the fire.<\/p>\n

If the regular IPO market doesn\u2019t offer enough upside for you, NASDAQ is also in the process of launching a public market for earlier stage companies than the regular market allows. Called the BX Venture Market, the market will have the same corporate governance requirements (including SEC reporting) but with laxer financial requirements: Companies will only need a market value of $1 million (versus a $5 million minimum on the NASDAQ) and a minimum share price of $1 (versus $4 on the main market).<\/p>\n

As a modern, digital stock market, the NASDAQ isn\u2019t like the stock markets of old. Its heart is a massive datacenter capable of processing 1 million transactions per second, executing incoming buy or sell orders in microseconds, with a completely redundant fail-over to a second, identical datacenter in case of disaster.<\/p>\n

Read more here
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Read more hereThe NASDAQ stock exchange just posted a record week for initial public offerings, with companies including Zillow and<\/p>\n","protected":false},"author":6,"featured_media":72448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[],"tags":[],"class_list":["post-9752","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"magazineBlocksPostFeaturedMedia":{"thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x150.jpg","medium":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","medium_large":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","large":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","1536x1536":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","2048x2048":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-highlighted-post":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-featured-post-medium":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-featured-post-small":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x90.jpg","colormag-featured-image":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-default-news":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x150.jpg","colormag-featured-image-large":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-block-extra-large-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-grid-large-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-grid-small-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-grid-medium-large-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg"},"magazineBlocksPostAuthor":{"name":"njaiyo","avatar":"https:\/\/secure.gravatar.com\/avatar\/255e26fc52858afad234c2c1d44c946e16c565fd0ef5615b0c1caa793897759d?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":"0","magazineBlocksPostExcerpt":"Read more hereThe NASDAQ stock exchange just posted a record week for initial public offerings, with companies including Zillow and","magazineBlocksPostCategories":[],"magazineBlocksPostViewCount":137,"magazineBlocksPostReadTime":3,"magazine_blocks_featured_image_url":{"full":["https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg",113,170,false],"medium":["https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg",113,170,false],"thumbnail":["https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x150.jpg",113,150,true]},"magazine_blocks_author":{"display_name":"njaiyo","author_link":"https:\/\/asiancemagazine.com\/?author=6"},"magazine_blocks_comment":0,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/255e26fc52858afad234c2c1d44c946e16c565fd0ef5615b0c1caa793897759d?s=96&d=mm&r=g","magazine_blocks_category":"","_links":{"self":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/9752","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9752"}],"version-history":[{"count":0,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/9752\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/media\/72448"}],"wp:attachment":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}