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-0.00016
-1.59%
0.009 / 0.0108 (1 x 1)
The recent Tech IPO?s have washed away some of the bad feeling left behind from last year?s big Facebook Inc. (NASDAQ: FB) IPO. In that one, Facebook got its desired $100-B valuation and buyers got hammered.
In today?s market, buyers are getting their money?s worth, and the companies probably got less than they should.
Cybersecurity firm FireEye Inc. (NASDAQ: FEYE) and advertising technology company Rocket Fuel Inc. (NASDAQ: FUEL) both launched IPOs last Friday morning, both are posting share price gains of more than 90%.
FireEye sold 15.2-M/shares at 20 and raised about $300-M. The IPO price was above the proposed range of 15 ? 17 a share.
Shares of FireEye traded at 38.68 in the early afternoon Friday, + 93.4% over the IPO price.
Rocket Fuel offered 4-M/shares at the top end of its proposed range of 27 ? 29 a share. The firm raised $116-M in the IPO.
The big news is the near vertical trajectory in share prices for the 2 stocks. This could be another manifestation of the market?s thirst for some new momentum plays.
PinKey Smart
The smart card evolves and becomes safer
PinKey Smart integrates a fingerprint sensor within it's 0.76 mm thickness, with minimum costs and dimensions, it will allow the infallible binomial of payments and biometrics. More certainty for the user and compatibility with the existing infrastructure (POS, ATM, smart card readers). With this revolutionary smart card, flexible and self-powered, logical and physical access will benefit of a security level unbelievable until yesterday.
Market research points to the SmartCard Market being worth almost $8b USD by 2018, here is part of that research from Transparency Market Research (TMR).
A smart card is usually a plastic card which contains a memory or microprocessor chip embedded in it, which is capable of storing and transmitting data.
Smart cards market can be classified based on the basis of the interface into contact smart cards, contactless smart cards, and hybrid smart cards. Based on its components, there are two types - memory smart cards and microprocessors. Smart cards have a wide area of application such as in transportation, telecommunication, for making government IDs, in the financial sector and in paid TV services. In addition to these, geographically the market is divided into North America, EMEA, Asia-Pacific, and Rest of the world.
The global smart card market was valued at USD 4.5 billion in 2011 and is expected to grow at a CAGR of 7.7%. The market is expected to reach USD 7.9 billion by 2018. The telecommunication sector is the largest revenue generator for the smart card market, contributing about 50% of the revenue. Geographically, EMEA is the largest revenue generator for the smart cards market on account of technology competence and demand for secured transactions.
Card Tech International is a company engaged in innovative mobile handheld devices and aims to revolutionize the markets of identification, security and monetics using biometric identification technologies.