FIRST AIRED: May 23, 2017

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COMING UP:Share Opener Variant 1

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00:00:00
not hitting sound you hear coming from the New York Stock Exchange may very well be that great tech bubble losing air bittersweet evidence the debut of payment practice your first stayed out its twenty fifteen biggest IPO but ugly when it was forced to sell shares cheaper than it that out too both here then they'll even more on their first day on the market ringers reporter heather Somerville in San Francisco been watching that happen more and more I have a lot to do with the fact that the valuation the private market are you crazy where more than a hundred and thirty still call you know part of the company worth more than billion dollar and how many companies like there are now more went more than fifty billion dollars public market just can't stomach the numbers are will bring so far this year investors that you explain tech firms got about a thirty percent boost in share prices bright yellow , roughly half of last year typical pop according to exclusive data Reuter that nest and about Julie I'd company I peeled at nearly the same or even lower than how they were valued in the private market that not only bad for investors but all the guard of big decadent plotting rich exhibit an estimated one hundred fifty Peck IPO therein the pipeline some companies like online lender proctor marketplace and data storage from you can make were widely expected to go public this year now those plans are on the back burner sources told Reuters Gail some are trading the market Twitter cofounder Jack Dorsey payment company where just wild bird IPO but some investors may want to pitch count on that now that he'll be waiting in time between the two companies