On the heels of the busiest year for initial public offerings since the financial crisis, bankers and investors expect another bumper crop for deals in 2014.
But overall, prices were still more subdued than in other busy years, leaving few veteran observers willing to label the market a “bubble.”
“A cyclical high and a bubble are not the same thing,” said Rett Wallace of Triton Research LLC, which researches private companies going public.
