Dec 28, 2015 (LBO) – Four technology startups with billion-dollar-plus valuations are getting ready for initial public offerings in early 2016, following one of the slowest technology IPO years on record, a report said.
This could mean a better outlook for technology IPOs next year.
Although market conditions could alter their plans, Nutanix, Okta, Twilio and Coupa Software are in various stages of preparing to go public.
Their performance could signal whether investors are once again willing to pay premium prices for startup IPOs, the Seeking Alpha blog reported.
Tech and Internet companies that went public in the U.S. raised 9.5 billion dollars in 2015, down from 40.8 billion dollars in 2014. The number of IPOs in the sector dropped by more than half to 29 from 62, according to Dealogic.