When it rains, it pours! And no I don’t mean the actual, real rains we are having in California. Instead, I am talking about the technology IPO boom of 2014. Lending Club, Horton Works and New Relic are some of the latest technology companies that went public this week. December 2014 is the busiest December in 15 years when it comes to technology offerings. That is in sharp contrast with October and November which saw a dip in the IPO activity.
If all goes as planned for remainder of the years, folks at Deutsche Bank point out that 2014 will be the most active year for technology offerings since 2000. According to Dealogic, a research group, prior to this week’s tech IPO surge, technology IPOs have raked in over $1.6 billion versus $2.7 billion in 2000. If current trends hold, then 2015 is going to be an interesting year from an IPO perspective.
On a personal note, I am delighted to see Lew Cirne, one of the good guys, take New Relic public. It ended the day as a billion dollar company. You can read some of his thoughts about analytics and public offering here.