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Tech sector sell-off sends 2015 IPOs below issue, challenges 2016 tech

Tech IPOs see a hard road in 2016: Higher volatility, lower returns, contracting multiples 2015 saw the lowest tech IPO activity since 2009, and 2016 is not looking much better. The VIX Volatility Index rose again this week - it has remained above 20 almost every day this year. Consumer-focused tech and internet names like Twitter (TWTR; -32%...read more

US IPO Weekly Recap: Australian tech company shows strength in US debut

YRD

This year, the IPO market hit a six-year low after 2014 marked a 14-year high. Assuming that Yirendai (YRD) is able to successfully price its deal next week, the 2015 IPO market will have seen a total of 170 IPOs raising...read more

Labor Day Weekend was a turning point for IPOs

The later in 2015 that a company has filed, the more likely it is that it will price down in its IPO. In 2015, 168 IPOs have raised $29.5 billion, pricing an average of -4.8% below their midpoints. Before Labor Day, 35% of 131 deals priced below the range; after Labor Day, 70% of 37 deals did. It has been a tough year for the IPO market overall, but perhaps...read more

Renaissance Capital's 3Q 2015 Quarterly US IPO Market Review

PLNT

US IPO Market Contracts as Returns Slump in the Third Quarter The IPO market slowed in the 3Q 2015 to 34 deals, down 43% year-over-year, hurt by the broad market sell-off and specific sector conditions, including a near absence of tech and energy issuance. In addition, a significant number of IPOs were pulled or delayed due to market conditions or acquisitions. For the...read more