• Navigate This Market Turbulence: All Hedgeye Research → 3 Months 66% Off

    Preserve. Protect. Grow. Former hedge fund manager and CEO Keith McCullough has successfully navigated the Dot Com Bust, Great Financial Crisis and Crash of 2020. Get 66% off the smartest investing insights money can buy.

Editor's Note: Below is a chart and brief excerpt from today's Early Look written by Hedgeye Tech Sector Head Ami Joseph. Click here to learn more.

CHART OF THE DAY: Silly Season in Software IPOs - z2

The silly season in software IPOs will only get worse from here. There are ~300 companies in the private realm worth more than $1b and they are looking at Slack’s kazillion times revenue multiple, or MeDulLA oblongata’s successful heap of dung piled onto IPO investors, as a signal-fire indicating it is time to run every piece of you-know-what up the IPO flagpole.

CHART OF THE DAY: Silly Season in Software IPOs - zchart1