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Shira Ovide

This Year's Tech IPO Crop Stunts Next One

Fading share performances don't bode well for 2017 hopefuls.

There has been a welcome trickle of technology companies going public in the last few months. It seemed to signal an end to the IPO desert of 2015 and most of 2016. The relatively strong -- maybe too strong -- recent public market debuts of tech companies such as Twilio Inc. and Nutanix Inc. helped support predictions of a surge of technology IPOs in 2017.

But in the last six weeks or so, the class of 2016 tech IPOs suddenly doesn't look so hot. It's far from a disaster, but fading share performances for some of the recent debutantes aren't a great setup for the incoming IPO class, headlined by the likely public market listing of Snapchat parent company Snap Inc.