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How Much Rope Will Investors Give Tech IPOs This Time?
02 Mar 2012 EST - CNBC.com
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Yelp CEO Jeremy Stoppelman will be on “Squawk on the Street” at 9:50 a.m. ET; I’ll be speaking with the NYSE’s head of listings, Scott Cutler, at 10:20 a.m. ET on the future of tech IPOs. There are 200 IPOs in the pipeline now! What will get them out to the public?

That’s easy: have something to do with cloud computing . Of the six tech IPOs this year, four have been cloud computing players, and all are doing well:

  • Guidewire up 74%
  • Greenway up 48%
  • Bazaarvoice up 38%
  • Brightcove up 35%
  • We’ll see how well players outside this space can do.

    Elsewhere:

    1) The European Central Bank’s Mario Draghi, at a dinner last night, made it clear that there would not be more injections of cheap cash into Europe any time in the near future.

    2) Rajoy to the European Union: drop dead. Spanish Prime Minister Mariano Rajoy bluntly told the EU the country would not make the agreed-upon target of 4.4 percent deficit-to-gross domestic product, and would instead come in at 5.8 percent in 2012. Expect other countries, like Ireland, to miss targets, as well.

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