Startups worth $8.7 billion went IPO in the first half of 2018, and Wall Street thinks the boom time is just getting started (SPOT, DOMO, DBX, DOCU)
- The number and value of tech public offerings jumped in the first half of this year, compared with last year.
- Investor demand and the eagerness of some startups to go public are driving the market for tech IPOs.
- The market should stay strong through the second half of this year and into 2019, according to tech bankers who spoke with Business Insider.
The market for public offerings in the tech sector popped in the first half of this year and could get even better in the second half and on into next year.
But you'll likely have to wait have to wait until next year for the biggest of the so-called unicorns — the private tech companies valued at $1 billion or more, a group that includes Uber, WeWork, and AirBnB — to hit the market.
That's the word from some of the investment bankers who cater to the tech industry and work with companies that are preparing to go public. Investors are eager for new offerings from high-growth firms, while at the same time many companies are itching to go public after many years of being private, they say.
"The tech sector's going to be busy," said Brad Miller, global head of equity syndicate at UBS. He continued: "We're pretty bullish on ...
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