Market Rally Lifts 2018 Tech IPOs

It has been a strong year for tech IPOs, with high-profile firms including Spotify and DocuSign soaring well above their initial prices on the public markets.

Their performance stands in contrast to last year, when notable IPOs like Snap and Blue Apron flopped spectacularly. More deals are to come: Ticketing site Eventbrite and survey firm SurveyMonkey have both recently filed to go public. The number and size of IPOs for venture capital–backed companies is on pace this year to be the highest since 2014, said Cameron Stanfill, an analyst at PitchBook. And the performance of IPOs so far in 2018 bodes well for firms such as Lyft and Uber that are expected to go public next year.