New Kids On The Block
Recently, there has been a new wave of initial public offerings reaching Wall Street. Everyone is getting very excited about all of the new internet companies that are roaring on the market place. This year we have seen companies such as LinkedIn Corp.(NYSE:LNKD), and Pandora Media Inc.(NYSE:P) become publicly traded companies. These two stocks have seen volatile trading action since their IPO, however, the demand for these stocks before coming public was enormous and over subscribed.
The internet is the new form of media. People can now access the internet 24 hours a day, seven days a week through their computer or cell phone. This revolution is here to stay and the internet competition is getting fierce. Many investors are now waiting for companies such as Groupon, Living Social, Twitter, and even Face Book to become publicly traded in the near future.
At this time, we have not seen so many internet and technology companies coming public since the 1990’s. Most of these stocks have real business models and many of them actually make some money, unlike the majority of the dot coms in the 1990’s. Some of these companies will be swallowed up or taken over in time by the likes of Google Inc.(NASDAQ:GOOG), Microsoft Inc.(NASDAQ:MSFT), Netflix Inc.(NASDAQ:NFLX) and Apple Inc.(NASDAQ:AAPL). This could be exactly what the doctor ordered for the stock market in the next few years. It is no secret that the stock market only moves higher when it is artificially inflated by a weaker U.S. Dollar. Perhaps in due time,the new tech companies can make a real difference in the economy. We shall see. I’m rooting them on and hope they are all successful.