Monday, December 14, 2015

Worst Year For Tech IPOs Since 2009 | TechCrunch

Check the full post for more 2015 IPO stats

"“We haven’t seen so few tech IPOs since the 2008-09 U.S. financial crisis,” notes Kathleen Smith, principal at IPO ETF Manager, Renaissance Capital. “Biotech has taken over where tech left off.”

The performance of the tech IPOs has also been subpar. Half of the tech companies that have gone public this year are trading below their IPO price, including Etsy which fell 41%. And both Box and Square, went public at market caps that were beneath the valuation of their last private rounds.

Often seen as a bellwether for upcoming IPOs, investors will be watching this year’s struggling tech stocks as an indication of things to come."
Worst Year For Tech IPOs Since 2009 | TechCrunch
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