More Tech IPOs Expected
The DC area has seen some of its tech companies file initial public offerings this year, including SRA International and Alarm.com. Nationally, the tech sector has led all industries with the number of IPOs, followed by biotech. And the good times will continue. A recent study of 100 capital market execs by BDO says more tech IPOs are expected in the second half of 2015. But, the amount of overall proceeds from IPOs, projected to be about $36B this year, is at the lowest since 2009. What’s to blame? The widespread availability of private funding at attractive valuations and a cooling stock market, said survey respondents.