2014 could be a record year for Tech IPOs

Continuing the momentum witnessed in Q4 2013 and a strong pipeline of technology companies, 2014 could surpass even pre-financial crisis global tech IPO activity, notes PwC. In its report titled: “Global Technology IPO Review-Q2 2014,” PwC notes that in contrast to the previous quarter, IPO activity was geographically broad-based.

2014 could be a record year for Tech IPOs

According to the PwC report, the technology sector surpassed expectations in the second quarter by logging 43 IPOs and $12.3 billion in proceeds, compared to 17 deals in Q2 2013, thus representing 153% growth. The total proceeds also grew by 327%, compared to Q2 2013. These trends are captured in the following graph:

Interestingly,...