ServiceNow CEO: Facebook's IPO Has 'Raised The Bar' For Other Tech Companies Going Public

Frank Slootman, CEO of the IT startup ServiceNow, which was the first tech company to go public after Facebook, told Bloomberg West that Facebook’s IPO has raised the standards for other companies looking to go public

“It raised the bar for companies,” Slootman said in the interview on Monday. “When the market is losing tens of billions of dollars on an IPO, they get a little testy, they get a little ornery, they get a little more inquisitive, they become more price sensitive. So you really got to check yourself. Am I a strong enough asset to sell through an environment that has that kind of sentiment?”

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at