Deals
Newly Listed Tech Companies Keep Outshining Their Peers
Drew Houston, chief executive officer and co-founder of Dropbox Inc., center right, and Arash Ferdowsi, co-founder of Dropbox Inc., center left, stand for a photograph outside the Nasdaq MarketSite during the company's IPO in New York.
Photographer: Victor J. Blue/BloombergThis article is for subscribers only.
Newly listed technologies companies are extending their outperformance against larger peers in the latest injection of euphoria from traders chasing the high returns.
This year’s U.S. technology initial public offerings have gained an average of 77 percent, weighted by offering size, according to data compiled by Bloomberg. That return has grown from 66 percent as recently as June 11. All other new U.S. listings average a 12 percent return.