[ET Net News Agency, 20 April 2017] On the heels of two strong years, 2016 ended with
the fewest global technology IPOs of any year in the decade, with only 53 tech companies
completing initial public offerings for total proceeds of US$8.7 billion, according to
PricewaterhouseCoopers (PwC).
That's a 42% decline in volume and a 68% decline in proceeds from 2015, the professional
services network added.
With 20 tech IPOs, 3Q was the best period of the year, but 4Q was the worst, with just
nine tech IPOs. The market rally following the US elections bodes well for a healthier
global tech IPO market in 2017.
Looking ahead, optimism for higher economic growth post US elections has spurred a
market rally. With investors keeping a sharp focus on profitability, not simply revenue
growth, PwC expects the companies going public will likely have better earnings quality
and less aggressive valuations than in recent years. This should help to support and
accelerate tech IPOs in 2017. (KL)
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IPO News
20/04/2017 15:18
PwC sees healthier global tech IPO market in 2017