How many IPOs in 2017 Will tech companies going public drive the stock market
How many IPOs scheduled for 2017 In 1999 there were 487 IPOs in the USA, with over half made up of Tech Companies off the back of the boom. However, numbers have been dwindling in the 16 years. In 2015 we saw the number of IPOs drop from the previous year by 40 with only 170 IPOs This trend continued to go down the way in 2016 with only 105 IPOs, a drop of 35, which is the worst year in 7 years and the last time the number was so low was right after the financial market. Therefore, what does 2017 have in store for us Well many believe it will be the year of the Tech Unicorn, with SNAP Inc (the company that owns SnapChat) leading the way with a proposed 25 billion dollar IPO and other major players like Spotiify, Air bnb and even Uber could all go public this year. SNAP Inc lost over 500 million last year, which for most businesses spell the end but with a proposed 25 billion IPO on the horizon, then you dont need to ask me What are the benefits of going public But how many IPOs.
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