A few months ago, it looked like the tech industry’s initial public offering window had slammed shut. But thanks to a year-end rally started by Groupon and rounded out by Zynga’s $1 billion stock market debut, it looks like 2012 could be a big year for the tech IPO market, according to a new report by PriceWaterhouseCoopers (PwC).
As of the end of last week, the fourth quarter of 2011 had seen 28 IPO pricings on the U.S. stock market, according to PwC’s quarterly IPO Watch survey. Technology companies were responsible for a solid chunk of those, as the sector has contributed eight of the 28 total offerings in the quarter thus far. The IPO activity surged more as the year’s end drew closer. Three IPOs priced in October, fourteen in November and eleven in December. Notably, the tech sector may have spurred on the rest of the economy: November’s surge in activity was “initiated by the highly-anticipated Groupon IPO,” PwC said.
To read the full, original article click on this link: 2012 should be another big year for tech IPOs — Tech News and Analysis
