Facebook’s purchase price of over $16 billion for WhatsApp sets the stage for higher priced tech IPOs this year. Renaissance Capital Co-Founder and Chair Kathleen Smith believes this sets a high bar for companies like Square that plan to go public this year. Smith also pointed out King’s Candy Crush IPO price could be affected by the problems that have plagued Zynga, causing investors to look more carefully at the offering. Palantir is another tech IPO that is creating lots of interest.
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