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Innovative technology is key, said Bardwick. "There are some really good companies out there with very disruptive business models," he said on CNBC's "Fast Money: Halftime Report."
The current U.S. economic conditions, low interest rates and solid jobs market create a good market for IPOs, according to Bardwick.
"Investing in IPOs is always risky but not as much as 1999. Companies going public are bigger today and as a result are more likely to survive than they did in the class of 1999," he said.
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Bardwick offered companies some advice on going public.
"Don't go too early," he said. "Just because the markets are good doesn't mean you should go public."