Tech IPOs have arrived. Six of the 11 names on this week’s new-issues calendar are technology deals. And the sector’s aftermarket performance has been soaring.
Fasten your seatbelts for a wild ride on the IPO highway. The technology sector is arriving. There is one deal on this week’s calendar plus three on next week’s; the filings continue to build, and their aftermarket performances are breathtaking.
The year’s first tech IPO popped with an opening-day moonshot, 2013’s last tech IPO lit up the sky with an opening-day starburst – and this week’s calendar features a tech IPO called Coupons.com.
There are only two deals on this week’s IPO calendar. Each has a message. One borrows from the wisdom of the racetrack. The other is a litmus test for what could be a wave of technology IPOs.
Last week’s traffic clearly signaled a shift in the trade winds sweeping through the Valley of IPOs. The cannonball run for the biotech sector looks like it’s over, but another sector is opening – technology.