Scalper1 News
It’s rare, but techs have lagged in initial public offerings this year. The tech sector usually leads all sectors in number of IPOs and proceeds raised. But the sector accounts for just 11% of all IPOs year to date. That’s the sector’s lowest percentage since 2008 and far down from its average of 25%, according to Renaissance Capital, manager of the IPO exchange traded fund. And of the 15 tech IPOs this year, more than half trade below their Scalper1 News
Scalper1 News