Other internet firms are lining up their IPOs, too, to take advantage of the frenzy on the Street. What explains the current exuberance for internet IPOs? It’s all about the great potential in the long term, based on the growth of internet companies in China and in the US. To be sure, while there is a general exuberance about tech IPOs, companies with better profitability are the biggest beneficiaries. Bigger tech companies would also look to acquire companies having complementary offerings.

Source: Mint July 18, 2021 18:45 UTC