Leading Australian technology venture capitalists and company founders have warned investors to ignore bearish commentary about high-growth firms being overvalued, saying there is no tech bubble and that companies must be judged individually.
A $2 billion plummet in the value of former market darling WiseTech last week, following disputed claims from short sellers, has led local investors to question the prices of other so-called WAAAX fast growth tech stocks on the ASX, and the valuations of other privately held venture backed start-ups.
Loading...
Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
