Quality on offer in eye-watering IPOs, insists Square Peg THE venture capital firm backed by James Packer, Seek co-founder Paul Bassat and the billionaire Liberman family is looking at as many as five investment opportunities to capitalise on what it describes as "an exciting time" for the Australian technology industry. Square Peg Capital co-founder Paul Bassat said he was not concerned by the excessive valuations being ascribed to some new floats in the technology sector after six new companies from a range of industries hit the local market last week, making it the biggest week of the year for IPOs.