There have certainly been a handful of exciting tech IPOs in 2016. Investors have piled into names like Line Corp (ADR) LN 0.02%,Twilio Inc TWLO 6.98% and Nutanix Inc NTNX 2.49%. However, overall it has been an extremely slow year for tech IPOs.
According to Renaissance Capital, the IPO market as a whole is way down in 2016. Through the first three quarters, there have been 85 IPOs this year, more than 40 percent less than the 145 IPOs at this time last year.
The post-crisis IPO market peaked at 275 in 2014 before falling to 170 in 2015. This year’s total has the IPO market on pace to register its lowest annual total since 2009.
The good news for IPO investors is that most of 2016’s weakness so far came at the beginning of the year after the S&P 500 started off 2016 with a historically bad January. No company wants…
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