The Tech IPO Is Back -- To 2007 Levels

happytraders tbi

There have already been more tech IPOs in 2009 (5) than in all of 2008 (4), reports the WSJ, citing data from Renaissance Capital’s IPOHome.com Web site. What’s more, each of those IPOs produced first-day gains of 10% and better. OpenTable (OPEN), which went public last week, shot up 59% during its first day of trading. That made it the best IPO since December 2007.

The Journal says the common thread between all five companies are “strong revenue growth, and in many cases, generous profit margins, even when other factors made the companies seem risky.”

 

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.