Global tech IPOs in 2016 dropped to their lowest level in the decade amidst macroeconomic and geopolitical turmoil, but a stream of high-profile companies in the pipeline, will likely create a resurgence in 2017*
Number of global tech IPOs in 2016
Proceeds from global tech IPOs in 2016
Decline in volume from 2015
Decline in proceeds from 2015
As measured by numbers of IPOs and total proceeds, 2016 was the slowest year of the decade for global tech IPOs, beating 2013 for this dubious distinction. It also matched the previous low for average proceeds, US$165 million, in 2010. IPOs declined 42% in volume and 68% in total proceeds from 2015 to 2016.
Europe, excluding the UK, was the best performing region in 2016, registering 10 IPOs with total proceeds of US$3.7 billion, a 16% increase over 2015.
Tech companies from eight European countries went public in 2016, including the largest tech IPO of the year from Denmark.
It was not a year for high-flying tech IPOs, with only two US$1 billion-plus offerings. This reduced average proceeds to a level not seen since 2010.
*Issue size greater than US$40 million (includes overallotment) and based on trade date