Cash aside, the fund's trading discount should narrow significantly as the outlook for tech stocks and IPOs improves.
The key remaining part before the Spotify IPO is revenue outlook.
The outlook for the IPO market has been even bleaker in the technology sector.
Even though the technology shakeout has clouded the outlook for the IPO market, some analysts actually think the lowered supply of new stock could help AT&T.
THE outlook on technology IPOs after Groupon's successful start, a new tablet reader on the market and Charles Babbage's analytical engine You can also listen to this audio item on Soundcloud, which allows readers to leave comments at specific points along the audio timeline.
That confirms rosy figures suggested earlier in regulatory filings by Yahoo, an American firm that holds roughly 23% of Alibaba (and is required by contract to sell much of its stake in the IPO).Tricky timingStill, the short-term outlook is dicey.
The outlook for GM's IPO, which could be filed with the SEC as soon as next week, says much about the market in general.
Cerent was the top pick of many attendees of last year's Network Outlook, and its pre-IPO valuation, along with the success of the newly public Internet equipment and service companies, has raised the bar for how much financing privately held firms can raise.
