In what has been a relatively uneventful year for tech IPOs, a number of private startups continue to set record valuations in exchange for cheap capital. While few private tech companies have released IPO information, the following seven companies have grown quite rapidly and could prove to be lucrative investment opportunities for public traders.
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Microsoft Office Arrives On iPhone
Ironically, at present, Apple’s (AAPL) main competitor, Microsoft (MSFT), owns the fastest rising application on Apple’s App Store. Just one day after Microsoft dropped its subscription requirement for Office 365, the new Microsoft Word application has shot up the charts and is now the front-runner in Apple's “Free” category. Microsoft's Office 365 now ranks ahead of other popular applications, such as: Facebook (FB) Messenger, WhatsApp, Snapchat, and Instagram.
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