Tech IPOs Pick Up The Pace

Published on17 MAR 2017

After several quiet quarters, we started seeing an uptick in IPO activity in the second half of 2016, as confidence among investors and companies started to build. At the same time, investors are now shifting their focus to growth companies, whose valuations have improved over the course of the last year. These key drivers, according to David Ludwig, co-head of Americas Equity Capital Markets in Goldman Sachs’ Investment Banking Division, have helped create an attractive tech IPO pipeline for 2017 with diverse representation by companies across sectors and regions.

We’re beginning to see an increase in the number of IPOs and an increase in performance of IPOs. The pipeline looks more normalized. And what’s attractive to us is it’s actually broad across sectors, between enterprise and consumer-facing Internet companies.

- David Ludwig

David Ludwig
Co-Head, Americas Equity Capital Markets, Investment Banking Division, Goldman Sachs