IPO market not 'slowing down' anytime soon: Expert
More private companies will come to the public markets, Mike Murphy said
IPO market 'good as ever,' no signs of slowing down: Expert
Rosecliff Capital CEO Mike Murphy says 'great' private companies can go public and be profitable.
Rosecliff Capital CEO and managing partner Mike Murphy said the IPO market isn't slowing down anytime soon on FOX Business' "Mornings with Maria" Friday, noting that "great private companies can go public" and create a path to profitability.
U.S. STOCKS TRENDING DOWNWARD IN EARLY TRADING TO CLOSE OUT WEEK
MIKE MURPHY: What the U.S. market is telling you: great private companies can go public. There is a market for them.
And that's why you're seeing... technology companies that were doing great in the private markets, they have a path to the public markets. They have a path to liquidity, a path to profitability, a path for the founders and the shareholders to liquidate and to make money on their investment.
So I think the IPO market right now is as good as I've ever seen it. And the key, though, I don't see it slowing down. We still have literally hundreds of great unicorn companies, companies valued at a billion dollars or more, 800 of them. So there's a lot more private companies that you'll see coming to the public markets through IPOs, through direct listings, also through SPACs.
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Evergrande missing payment deadline 'isn't major, global event': Expert
Rosecliff Capital CEO and managing partner Mike Murphy argues the U.S. economy won't see major impact from China's Evergrande missing their bond payment deadline.