1、Investment Banking&Securities Offered Through SDR Capital Markets,LLC,Member FINRA&SIPC.DateDateTargetTargetBuyer(s)Buyer(s)SegmentSegmentAmount Amount($in Mil)($in Mil)TEV/TEV/RevRevTEV/TEV/EBITDAEBITDA1 2/1 2/2022Coupa Abu Dhabi Investment Authority,Thoma BravoEnterprise Software8,000.009.8x-1 2/6

2、/2022SwitchDigitalBridge Group,IFM InvestorsInfrastructure/Hosting1 0,958.751 6.4x1 6.8x1 1/22/2022ZendeskAbu Dhabi Investment Authority,GIC,Hellman&Friedman,PermiraEnterprise Software8,862.1 95.6x-1 1/22/2022Roper Technologies Clayton,Dubilier&RiceIT Services5,098.04-1 0/27/2022TwitterElon Musk,A.M

3、.Management&Consulting,Aliya Capital Partners,Andreessen Horowitz,Baron Funds,Binance,Brookfield Asset ManagementTech Conglomerates42,551.838.1 x72.3x1 0/1 9/2022AvalaraVista Equity PartnersFinancial Technology6,939.418.8x-1 0/1 2/2022KnowBe4Vista Equity PartnersIT Security4,256.061 3.7x0.0 x1 0/1 1

4、/2022The Nielsen CompanyBrookfield Business Partners,Evergreen Coast CapitalData&Analytics1 5,234.004.3x1 1.5x1 0/3/2022Change Healthcare OptumHealthcare IT1 2,91 0.993.7x1 6.2x9/20/2022Citrix SystemsAres Management,Elliott Management,Vista Equity PartnersIT Services1 5,627.204.7x25.7xIf You Are a B

5、usiness Owner Looking for Additional Transaction Activity If You Are a Business Owner Looking for Additional Transaction Activity Within Your Industry,Please Call Our Offices at 720.221.9220.Within Your Industry,Please Call Our Offices at 720.221.9220.278 122 33 36 73 46 128 93 290 20 7 -50 100 150

6、200 250 300 350Strategic56%Financial44%-70%-60%-50%-40%-30%-20%-10%0%10%20%Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22Jul-22Aug-22 Sep-22 Oct-22 Nov-22 Dec-22Financial TechnologySupply Chain SoftwareMarketing SoftwareHealthcare ITS&P 500-70%-60%-50%-40%-30%-20%-10%0%Dec-21 Jan-22 Feb-22 Mar-22

7、Apr-22 May-22 Jun-22Jul-22Aug-22 Sep-22 Oct-22 Nov-22 Dec-22Enterprise SoftwareOther SaaSIT ServicesInfrastructure/HostingTech ConglomeratesData AnalyticsIT SecurityS&P 500 Company NameSymbolMarket Cap($in Mil)Price($)LTM ChangeYTD Change%of 52 Week HighEst.Revenue GrowthEBITDA MarginTEV/RevTEV/EBIT

8、DATEV/NTM RevenueTEV/NTM EBITDAMicrosoftMSFT1,787,732$239.82$(28.7%)(28.7%)70.7%7.9%48.6%8.6x1 7.7x7.9x1 6.2xOracleORCL220,392 81.74 (6.3%)(6.3%)91.2%1 2.1%38.4%6.6x1 7.2x5.9x1 1.0 xAdobeADBE1 56,453 336.53 (40.7%)(40.7%)58.5%1 1.7%40.1%8.8x22.2x8.1 x1 6.4xSalesforceCRM1 32,590 1 32.59 (47.8%)(47.8%

9、)51.6%9.2%1 4.3%4.4x31.0 x4.1 x1 2.4xIntuitINTU1 09,342 389.22 (39.5%)(39.5%)60.1%8.4%24.6%8.6x34.9x7.9x1 9.5xWorkdayWDAY43,004 1 67.33 (38.7%)(38.7%)60.3%1 7.3%2.1%6.9xNM5.8x22.5xZoomInfo TechnologiesZI1 2,1 54 30.1 1 (53.1%)(53.1%)45.8%28.5%27.4%1 2.8xNM1 0.0 x23.1 xSegment Average(36.4%)(36.4%)62

10、.6%13.6%27.9%8.1x24.6x7.1x17.3xSegment M edian(39.5%)(39.5%)60.1%11.7%27.4%8.6x22.2x7.9x16.4xM arket Stats Operating Stats LTM M ultiples NTM M ultiples Company NameSymbolMarket Cap($in Mil)Price($)LTM ChangeYTD Change%of 52 Week HighEst.Revenue GrowthEBITDA MarginTEV/RevTEV/EBITDATEV/NTM RevenueTEV

11、/NTM EBITDAVisaV41 4,750$207.76$(4.1%)(4.1%)88.1%1 3.0%66.6%1 5.1 x22.7x1 3.4x1 9.1 xMasterCardMA334,328 347.73 (3.2%)(3.2%)86.9%1 6.0%58.6%1 5.8x26.9x1 3.6x22.2xAmerican ExpressAXP1 1 0,404 1 47.75 (9.7%)(9.7%)74.0%NMNMNMNMNMNMPayPal HoldingsPYPL81,1 93 71.22 (62.2%)(62.2%)36.3%1 0.7%1 6.4%3.0 x1 8

12、.2x2.7x1 0.7xFiservFISV64,1 82 1 01.07 (2.6%)(2.6%)91.1%2.9%35.9%4.9x1 3.7x4.8x1 1.0 xFidelity National Information ServicesFIS40,261 67.85 (37.8%)(37.8%)55.6%3.9%35.2%4.0 x1 0.5x3.8x8.8xBlockSQ37,583 62.84 (61.1%)(61.1%)38.0%1 8.9%(1.1%)2.0 xNM1.7x27.0 xMSCIMSCI37,1 94 465.1 7 (24.1%)(24.1%)75.4%1

13、0.6%59.7%1 8.4x30.9x1 6.7x28.1 xJack Henry&AssociatesJKHY1 2,807 1 75.56 5.1%5.1%82.6%9.7%33.3%6.6x1 9.7x6.0 x1 8.8xBlack KnightBKI9,635 61.75 (25.5%)(25.5%)73.6%2.6%40.4%8.0 x1 9.7x7.8x1 6.5xWestern UnionWU5,31 8 1 3.77 (22.8%)(22.8%)67.5%(1 3.1%)26.8%1.4x5.4x1.7x6.9xEnvestnetENV3,41 4 61.70 (22.2%

14、)(22.2%)72.9%2.8%6.2%3.3x53.0 x3.2x1 6.4xSegment Average(22.5%)(22.5%)70.2%7.1%34.4%7.5x22.1x6.8x16.9xSegment M edian(22.5%)(22.5%)73.8%9.7%35.2%4.9x19.7x4.8x16.5xM arket Stats Operating Stats LTM M ultiples NTM M ultiples Company NameSymbolMarket Cap($in Mil)Price($)LTM ChangeYTD Change%of 52 Week

15、HighEst.Revenue GrowthEBITDA MarginTEV/RevTEV/EBITDATEV/NTM RevenueTEV/NTM EBITDAManhattan AssociatesMANH7,575$1 21.40$(21.9%)(21.9%)76.9%9.8%1 9.8%1 0.0 x50.5x9.1 x34.5xSPS CommerceSPSC4,629 1 28.43 (9.8%)(9.8%)87.5%21.6%21.3%1 0.2x48.0 x8.4x28.9xE2OpenETWO1,774 5.87 (47.9%)(47.9%)50.6%1 5.7%(49.4%

16、)5.0 xNM4.3x1 2.6xAmerican SoftwareAMSWA495 1 4.68 (43.9%)(43.9%)54.5%(0.6%)1 2.4%3.0 xNM3.0 x1 9.1 xSegment Average(30.9%)(30.9%)67.4%11.6%1.0%7.1x49.2x6.2x23.8xSegment M edian(32.9%)(32.9%)65.7%12.7%16.1%7.5x49.2x6.4x24.0 xM arket Stats Operating Stats LTM M ultiples NTM M ultiples Company NameSym

17、bolMarket Cap($in Mil)Price($)LTM ChangeYTD Change%of 52 Week HighEst.Revenue GrowthEBITDA MarginTEV/RevTEV/EBITDATEV/NTM RevenueTEV/NTM EBITDAHubSpotHUBS1 4,045$289.1 3$(56.1%)(56.1%)43.1%26.0%(2.9%)8.3xNM6.6xNMCardlyticsCDLX1 92 5.78 (91.3%)(91.3%)7.9%4.8%(1 8.3%)0.9xNM0.9xNMMarin SoftwareMRIN1 6

18、1.00 (73.0%)(73.0%)20.0%NM(74.8%)NMNMNMNMEmerge CommerceECOM6 0.06 (87.9%)(87.9%)8.2%(1.2%)1 1.9%0.5x4.0 x0.5x5.2xSegment Average(77.1%)(77.1%)19.8%9.9%(21.0%)3.2x4.0 x2.7x5.2xSegment M edian(80.5%)(80.5%)14.1%4.8%(10.6%)0.9x4.0 x0.9x5.2xM arket Stats Operating Stats LTM M ultiples NTM M ultiples Co

19、mpany NameSymbolMarket Cap($in Mil)Price($)LTM ChangeYTD Change%of 52 Week HighEst.Revenue GrowthEBITDA MarginTEV/RevTEV/EBITDATEV/NTM RevenueTEV/NTM EBITDAServiceNowNOW78,431$388.27$(40.2%)(40.2%)59.0%28.1%9.7%1 1.1 xNM8.6x27.5xAtlassianTEAM32,880 1 28.68 (66.3%)(66.3%)33.1%29.0%(2.5%)1 0.9xNM8.5x4

20、8.4xZoom Video CommunicationsZM1 9,802 67.74 (63.2%)(63.2%)35.4%3.8%1 1.5%3.4x29.6x3.3x1 0.2xCloudflareNET1 4,857 45.21 (65.6%)(65.6%)33.5%47.6%(1 1.0%)1 6.5xNM1 1.2xNMSnap GroupSNAP1 4,437 8.95 (81.0%)(81.0%)1 8.5%7.3%(1 9.6%)3.1 xNM2.9x22.1 xDocuSignDOCU1 1,1 44 55.42 (63.6%)(63.6%)35.2%8.1%(1.2%)

21、4.5xNM4.2x1 7.6xGuidewire SoftwareGWRE5,1 22 62.56 (44.9%)(44.9%)54.4%8.4%(24.7%)5.8xNM5.4xNMFive9FIVN4,784 67.86 (50.6%)(50.6%)47.0%20.9%(4.4%)6.7xNM5.6x31.4xRingCentralRNG3,399 35.40 (81.1%)(81.1%)1 7.9%21.2%(24.0%)2.6xNM2.1 x1 1.2xAgoraAPI453 3.91 (75.9%)(75.9%)22.7%9.4%(61.4%)NMNM(0.1 x)1.5xSegm

22、ent Average(63.2%)(63.2%)35.7%18.4%(12.8%)7.2x29.6x5.2x21.2xSegment M edian(64.6%)(64.6%)34.4%15.2%(7.7%)5.8x29.6x4.8x19.8xM arket Stats Operating Stats LTM M ultiples NTM M ultiples Company NameSymbolMarket Cap($in Mil)Price($)LTM ChangeYTD Change%of 52 Week HighEst.Revenue GrowthEBITDA MarginTEV/R

23、evTEV/EBITDATEV/NTM RevenueTEV/NTM EBITDAMcKessonMCK53,1 90$375.1 2$50.9%50.9%93.4%3.7%1.5%0.2x1 4.5x0.2x1 1.6xVeeva SystemsVEEV25,1 25 1 61.38 (36.8%)(36.8%)62.0%1 2.1%25.1%1 0.7xNM9.5x24.9xOne MedicalONEM3,41 5 1 6.71 (4.9%)(4.9%)90.7%32.1%(31.6%)3.8xNM2.9xNMInocycle Technology GroupINOV1 5 0.01 (

24、57.4%)(57.4%)32.1%NMNMNMNMNMNMSegment Average(12.1%)(12.1%)69.5%16.0%(1.7%)4.9x14.5x4.2x18.2xSegment M edian(20.9%)(20.9%)76.3%12.1%1.5%3.8x14.5x2.9x18.2xM arket Stats Operating Stats LTM M ultiples NTM M ultiples Company NameSymbolMarket Cap($in Mil)Price($)LTM ChangeYTD Change%of 52 Week HighEst.R

25、evenue GrowthEBITDA MarginTEV/RevTEV/EBITDATEV/NTM RevenueTEV/NTM EBITDASplunkSPLK1 4,093$86.09$(25.6%)(25.6%)57.1%1 6.8%(1 4.9%)5.0 xNM4.3x24.1 xPalantir TechnologiesPLTR1 3,355 6.42 (64.7%)(64.7%)33.9%25.6%(27.8%)6.1 xNM4.8x1 9.4xElasticsearchESTC4,924 51.50 (58.2%)(58.2%)40.6%1 9.8%(1 8.7%)4.8xNM

26、4.0 xNMAlteryxAYX3,501 50.67 (1 6.2%)(1 6.2%)66.4%33.9%(37.2%)5.6xNM4.2xNMTeradataTDC3,427 33.66 (20.7%)(20.7%)64.1%(1.1%)1 4.1%2.0 x1 3.9x2.0 x9.1 xPegasystemsPEGA2,81 4 34.24 (69.4%)(69.4%)29.8%1 2.3%(1 7.6%)2.6xNM2.3x28.4xVerint SystemsVRNT2,390 36.28 (30.9%)(30.9%)64.3%2.8%1 1.7%3.3x28.6x3.3x1 1

27、.7xGlobalData HoldingDATA1,676 1 4.1 6 (26.4%)(26.4%)72.0%23.1%27.8%7.0 x25.1 x5.7x1 4.3xMicroStrategyMSTR1,633 1 41.57 (74.0%)(74.0%)24.6%1.2%(238.8%)8.0 xNM7.9xNMPROS HoldingsPRO1,1 00 24.26 (29.7%)(29.7%)66.9%1 1.8%(25.0%)4.5xNM4.0 xNMSegment Average(41.6%)(41.6%)52.0%14.6%(32.6%)4.9x22.5x4.2x17.

28、8xSegment M edian(30.3%)(30.3%)60.6%14.6%(18.1%)4.9x25.1x4.1x16.9xM arket Stats Operating Stats LTM M ultiples NTM M ultiples Company NameSymbolMarket Cap($in Mil)Price($)LTM ChangeYTD Change%of 52 Week HighEst.Revenue GrowthEBITDA MarginTEV/RevTEV/EBITDATEV/NTM RevenueTEV/NTM EBITDAAccentureACN1 68

29、,040$266.84$(35.6%)(35.6%)64.0%4.9%1 6.8%2.7x1 5.9x2.5x1 3.6xCognizant Technology SolutionsCTSH29,391 57.1 9 (35.5%)(35.5%)61.2%3.4%1 8.5%1.5x7.9x1.4x7.6xEPAM SystemsEPAM1 8,849 327.74 (51.0%)(51.0%)48.4%1 9.7%1 3.0%3.7x28.7x3.1 x1 8.0 xLeidos HoldingsLDOS1 4,378 1 05.1 9 1 8.3%1 8.3%94.7%6.1%1 0.0%

30、1.4x1 3.6x1.3x1 2.3xBooz Allen HamiltonBAH1 3,820 1 04.52 23.3%23.3%92.9%1 0.0%1 0.5%1.8x1 7.4x1.7x1 5.4xCACI InternationalCACI7,063 300.59 1 1.7%1 1.7%94.1%7.0%1 0.1%1.4x1 3.9x1.3x1 2.3xSolarWindsSWI1,51 3 9.36 (34.0%)(34.0%)63.5%2.4%(1 01.6%)3.7xNM3.6x9.3xThe Hackett GroupHCKT646 20.37 (0.8%)(0.8%

31、)82.2%(1.3%)1 9.5%2.0 x1 0.1 x2.0 x8.5xUnisysUIS346 5.1 1 (75.2%)(75.2%)22.1%(2.4%)(2.8%)0.3xNM0.3x2.3xSegment Average(19.9%)(19.9%)69.2%5.5%(0.7%)2.0 x15.3x1.9x11.0 xSegment M edian(34.0%)(34.0%)64.0%4.9%10.5%1.8x13.9x1.7x12.3xM arket Stats Operating Stats LTM M ultiples NTM M ultiples Company Name

32、SymbolMarket Cap($in Mil)Price($)LTM ChangeYTD Change%of 52 Week HighEst.Revenue GrowthEBITDA MarginTEV/RevTEV/EBITDATEV/NTM RevenueTEV/NTM EBITDACisco SystemsCSCO1 95,71 0$47.64$(24.8%)(24.8%)74.6%4.8%30.6%3.5x1 1.6x3.4x9.4xPalo Alto NetworksPANW42,1 91 1 39.54 (24.8%)(24.8%)65.3%24.6%3.1%7.3xNM5.8

33、x25.0 xFortinetFTNT38,1 95 48.89 (32.0%)(32.0%)67.2%30.9%22.1%9.1 x41.4x7.0 x23.8xCrowdStrike HoldingsCRWD24,679 1 05.29 (48.6%)(48.6%)43.5%35.9%(2.7%)1 1.3xNM8.3xNMVeriSignVRSN21,780 205.44 (1 9.1%)(1 9.1%)80.3%9.7%69.7%1 6.2x23.2x1 4.7x1 9.5xZscalerZS1 6,1 37 1 1 1.90 (65.2%)(65.2%)34.3%34.0%(22.8

34、%)1 2.8xNM9.5xNMCheck Point Software TechnologiesCHKP1 5,822 1 26.1 6 8.2%8.2%84.3%6.6%38.8%6.2x1 6.0 x5.8x1 2.9xCyberArk SoftwareCYBR5,279 1 29.65 (25.2%)(25.2%)72.0%26.9%(20.8%)8.5xNM6.7xNMTenableTENB4,292 38.1 5 (30.7%)(30.7%)60.0%26.4%(7.9%)6.4xNM5.1 xNMQualysQLYS4,263 1 1 2.23 (1 8.2%)(1 8.2%)6

35、9.1%21.0%34.3%8.4x24.4x6.9x1 6.8xVaronis SystemsVRNS2,639 23.94 (50.9%)(50.9%)46.4%1 3.6%(26.4%)4.7xNM4.1 xNMSegment Average(30.1%)(30.1%)63.4%21.3%10.7%8.6x23.3x7.0 x17.9xSegment M edian(25.2%)(25.2%)67.2%24.6%3.1%8.4x23.2x6.7x18.1xM arket Stats Operating Stats LTM M ultiples NTM M ultiples Company

36、 NameSymbolMarket Cap($in Mil)Price($)LTM ChangeYTD Change%of 52 Week HighEst.Revenue GrowthEBITDA MarginTEV/RevTEV/EBITDATEV/NTM RevenueTEV/NTM EBITDAEquinixEQIX60,61 5$655.03$(22.6%)(22.6%)76.8%1 1.7%40.4%1 0.4x25.9x9.3x20.0 xIQVIAQTS38,056 205.83 (26.9%)(26.9%)73.1%NM20.0%3.4x1 7.2xNMNMDigital Re

37、altyDLR28,830 1 00.27 (43.3%)(43.3%)56.3%1 0.7%73.0%1 0.6x1 4.5x9.6x1 8.4xAkamai TechnologiesAKAM1 3,256 84.30 (28.0%)(28.0%)68.4%3.9%35.7%4.3x1 2.1 x4.2x9.9xGoDaddyGDDY1 1,625 74.82 (1 1.8%)(1 1.8%)84.7%6.8%1 6.8%3.6x21.7x3.4x1 3.2xExtreme NetworksEXTR2,405 1 8.31 1 6.6%1 6.6%87.1%1 8.0%8.9%2.2x24.

38、8x1.9x1 0.8xSegment Average(19.3%)(19.3%)74.4%10.2%32.4%5.8x19.4x5.7x14.4xSegment M edian(24.7%)(24.7%)74.9%10.7%27.9%4.0 x19.4x4.2x13.2xM arket Stats Operating Stats LTM M ultiples NTM M ultiples Company NameSymbolMarket Cap($in Mil)Price($)LTM ChangeYTD Change%of 52 Week HighEst.Revenue GrowthEBIT

39、DA MarginTEV/RevTEV/EBITDATEV/NTM RevenueTEV/NTM EBITDAAppleAAPL2,066,942$1 29.93$(26.8%)(26.8%)71.0%3.8%33.0%5.4x1 6.4x5.2x1 5.7xAlphabetGOOGL1,1 45,004 88.23 (39.1%)(39.1%)58.2%8.3%32.7%3.7x1 1.5x3.5x9.0 xAAMZN856,939 84.00 (49.6%)(49.6%)49.0%1 1.5%1 0.0%1.8x1 8.5x1.7x1 1.1 xMeta PlatformsMETA31 5

40、,555 1 20.34 (64.2%)(64.2%)35.0%2.9%36.7%2.5x6.9x2.5x6.1 xNetflixNFLX1 31,228 294.88 (51.1%)(51.1%)48.0%9.0%63.1%4.4x7.0 x4.1 x1 8.8xSegment Average(46.2%)(46.2%)52.3%7.1%35.1%3.6x12.1x3.4x12.1xSegment M edian(49.6%)(49.6%)49.0%8.3%33.0%3.7x11.5x3.5x11.1xM arket Stats Operating Stats LTM M ultiples

41、NTM M ultiples 51%47%54%42%8%10%10%11%41%43%36%47%41%39%42%42%13%9%11%9%46%52%47%49%41%35%36%37%8%8%9%5%51%57%55%58%39%47%39%36%8%6%7%10%54%47%54%55%0%20%40%60%80%100%Senior DebtSub DebtEquitySource:GF DataSource:GF DataNote:The most current source of GF Data is as of November 2022.MultiplesSource:P

42、itchBook Financial Data and Analytics2019202120202022*$0.0M$100.0B$200.0B$300.0B$400.0B$500.0B$600.0B1,3002,3003,3004,3005,3006,3002021 Q42022 Q12022 Q22022 Q32022 Q4Deals ClosedDeals ClosedCapital Invested6.1x5.9x6.1x6.6x6.9x6.8x7.0 x7.1x7.5x8.0 x8.3x8.8x9.3x8.6x9.0 x9.7x0.0 x2.0 x4.0 x6.0 x8.0 x10

43、.0 x12.0 x2019202020212022*$10-25mm$25-50mm$50-100mm$100-250mm1.“The Year That Brought Silicon Valley Down to Earth,”CNN,Catherine Thorbecke,Dec.30,2022 https:/ Techs Year of Reckoning,”Statista,Felix Richter,Jan.2,2023 https:/ Finance,historical data,accessed Jan.13,2023 https:/ Top 12 Tech Stories

44、 of 2022,”Computerworld,John Gold,Dec.26,2022 https:/ Billion in Federal Funding Could Revive the U.S.Computer Chip Industry,”Scientific America,Sophie Bushwick,Aug.8,2022 https:/ Rise and Fall of the Fidget Spinner,”The Business of Business,Jeremy Bloom,Apr.18,2018 https:/ Reality Check:How The Ind

45、ustry Lost$7.4 Trillion In One Year,”CNBC,Rohan Goswami,Nov.25,2022 https:/ Which VC-Backed Companies Are Going Public Via SPAC This Year(So Far),”Crunchbase,Sophia Kunthara,Dec.16,2021 https:/ Claw IPOs in 2022;New Rules for Direct Listings,”Bloomberg Law,Preston Brewer,Jan.5,2023 https:/ Layoffs t

46、o Hit Over 18,000 Workers,the Most in Recent Tech Wave,”Wall Street Journal,Dana Mattioli and Jessica Toonkel,Jan.5,2023 https:/ Cap(2012-2022)History,”Netcials,accessed Jan.13,2023 https:/ Musk Completes$44 Billion Deal to Own Twitter,”New York Times,Kate Conger and Lauren Hirsch,Oct.27,2022 https:

47、/ Layoffs Across the Industry:Amazon,Salesforce and More Cut Staff,”Wall Street Journal,staff,Jan.5,2023 https:/ Cuts 20%Jobs Amid Significant Damage To Industry From FTX,”Techcrunch,Manish Singh,Jan.13,2023 https:/ More Than 26,000 People Were Laid Off In The Crypto Sector This Year,Forbes,Jack Kel

48、ly,Jan.6,2023 https:/ To Slash 20%Of Workforce In Second Major Round Of Job Cuts,”CNBC,Kate Rooney,Jan.10,2023 https:/ You Need To Know About The FTX Saga That Unfolded Today,”CNN Business,Alisson Morrow,Dec.13,2023 https:/ To Sell Its Gear,Reports A$1.2 Billion Loss,”New York Times,Lora Kelley,Aug.

49、25,2022 https:/ at All Costs?Not Anymore,”Fast Company,Ido Wiesenberg,Jun.23,2022 https:/ Bubble,”Investopedia,Adam Hayes,Jun.25,2019 https:/ You Invested$1,000 In Amazon Stock at Its IPO,Heres How Much Youd Have Now,”Motley Food,Trevor Jennewine,Oct.13,2022 https:/ Big Dot-Com Flops,”CNN Business,D

50、avid Goldman,Nov.6,2015 https:/ Finance25.“Blue Apron Receives NYSE Delisting Warning,”Winsight Grocery Business,Russell Redman,Jan.3,2023 https:/ Tech Acquisitions 2022,”Computerworld,Charlotte Trueman,Sep.14,2022 https:/ Care Shutdown Is A Strategic Play,Not A Failure,Some Healthcare Experts Say,”

51、Fierce Healthcare,Heather Landi,Aug.29,2022 https:/ the VC Funding Void:Introducing SandboxAQs Strategic Investment Program,”SandboxAQ,Aug.12,2022 https:/ Acquires Cryptosense to Accelerate Delivery of Security Solutions to Global Organizations,”Cision/PR Newswire,Sep.14 https:/ to Acquire Figma,”Adobe,Sep.15,2022 https:/ Equity Pros Remain Bullish on Tech,”WSJ via Mint,Maria Armental,Dec.27,2022 https:/ End a Bruising 2022,Stare Down Another Challenging Year,”Wall Street Journal,Heather Somerville,Jan.1,2023 https:/