There are two types of people in this world: Those who see “green shoots” and those who don’t.
Economic optimists say that little bits of positive news,/a> reflect a sign that the broader economy is about to turn. The “antishooters” (for lack of a better term) call this merely noise. Things are bad and will stay bad.
So where do you come out on the latest data from the IPO market? So far this quarter, seven companies sold shares to the public for the first time, including solar-technology concern SolarWinds and restaurant reservations service OpenTable just this week. The shares of both companies jumped with SolarWinds climbing 10%, OpenTable surging 59% on the first day of trading.
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