Tech IPOs
Tech Industry IPOs Remain Strong in Q2
The number of IPOs in the tech sector continued to climb in the second quarter, but the proceeds from these offerings showed only modest growth.
Steady Funding
There were 36 global tech company IPOs in the second quarter of this year, which raised a total of nearly $6.2 billion, compared with 23 IPOs, which brought in just over $6 billion, in the first quarter.
Sector Breakdown: Internet Software and Services
There were 16 Internet software and services sector IPOs in the second quarter of this year, raising more than $2.3 billion, compared with eight IPOs in this sector in the first quarter that raised more than $3.4 billion.
Sector Breakdown: Software
There were six software sector IPOs last year, raising nearly $1.8 billion, up from two sector IPOs in the sector in the first quarter that raised an estimated $376 million.
Sector Breakdown: Computer Storage and Peripherals
There were five Internet software and services sector IPOs in the second quarter, raising just over $1.1 billion, compared with four offerings in the sector in the first quarter that raised nearly $1.3 billion.
Sector Breakdown: Semiconductors
There were three semiconductor sector IPOs in the second quarter, raising about $501 million, down from five IPOs in that sector in the first quarter that brought in $503 million.
Top Tech Company IPOs for Q2: Fitbit
San Francisco-based Fitbit Inc. was among the first major wearable companies to launch an IPO. The offering, which raised $841 million, was the largest tech IPO in the second quarter.
Top Tech Company IPOs for Q2: MYOB Group
In second place was MYOB Group Ltd., an Australia-based provider of software, services and support for businesses and accounting practices. MYOB’s IPO raised $668 million.
Top Tech Company IPOs for Q2: Sophos Group
Coming in third, Sophos Group Plc., a U.K.-based data protection and IT security specialist, raised $554 million.
Top Tech Company IPOs for Q2: Black Knight Financial Services
Black Knight Financial Services, a provider of integrated technology, services, data and analytics for lenders and servicers, raised $507 million in its IPO. The New York-based company came in fourth place.
Top Tech Company IPOs for Q2: Siltronic
Germany-based silicon wafer vendor Siltronic AG came in fifth place, with a $374 million IPO.