Skip to content

Silicon Valley I.P.O.’s Inflate Real Estate prices.


Further to my Blog post of June 7th, see this article “Home Prices Exploding in Silicon Valley Amid Millionaires” from todays (June 15th) Bloomberg.com 

Doug Cronk CFA is Manager, Investments for a Canadian Pension Plan

Advertisements
4 Comments Post a comment
  1. L #

    Impressive… Thank you for providing us the news one week prior!

    Like

    June 16, 2011
    • Last week, a prudent Institutional Investment Manager told me “IT’S ANOTHER TECH BUBBLE!”
      Who is buying these Tech I.P.O.’s?
      It’s not Institutional buyers.
      It’s large Private buyers … who then re-sell to smaller buyers … who then re-sell to smaller buyers …
      It’s a game of muscial chairs …

      From the Bloomberg article:
      “Almost 300 companies have filed for IPOs in 2011, the most for any year during the same period since 2000, and more than 10 percent of those are in California, according to data compiled by Bloomberg. Silicon Valley is the U.S. hub for early-stage companies, receiving almost 40 percent of the $23.3 billion in venture-firm investments last year”
      http://noir.bloomberg.com/apps/news?pid=20601109&sid=aE723mrDeCHE&pos=10

      Like

      June 16, 2011
  2. l #

    Impressive… Thank you for providing the news one week prior!

    Like

    June 16, 2011
    • “Those who cannot remember the past are condemned to repeat it” – Jorge de Santayana y Borrás.

      Remember the Tech BUBBLE of 2000?

      Like

      June 16, 2011

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: