How Tech IPOs Got Their Groove Back
They’re not awful anymore, so there are more of them.
Let the good times roll.
Photographer: Rusty Costanza/Getty Images
It’s increasingly clear that the stock market’s arms are wide open to initial share sales from all comers, including in the technology sector. And in a reversal from a prior recent peak of technology stock debuts, the latest batch of industry IPOs is proving to be a wise investment.
As documented elsewhere, a slow patch for initial public offerings starting around 2015 has ended, and the tech industry is no exception. Since the beginning of this year, there have been 20 initial public offerings of tech companies on U.S. stock exchanges, according to Bloomberg data, excluding companies that have sold less than $10 million in stock. If the pace holds for the rest of 2018, the number of tech IPOs in the U.S. will have returned to levels not seen since a tech IPO mini-boom in 2013 and 2014.2