The Presidential Daily Brief

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    Tech IPO Market Looking Brighter

    They’re going public. After a dismal year — new tech and Internet IPOs raised only $9.5 billion in 2015 after collectively snagging $40.8 billion in 2014 — the tech world is coming out of hibernation. Four major startups are planning IPOs after the first of January: Twilio, Nutanix, Coupa Software and Okta, all valued at over $1 billion. Their confidence in the IPO model is likely to be monitored closely by more than 130 similarly valued private companies, who could take the plunge in 2016 as well.

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