The tech IPO market surged in the first half of 2018

Domo CEO Josh James,
center, celebrates his company’s debut on the public markets in
June.

Domo/Nasdaq

• The number and value of tech public offerings jumped in
  the first half of this year, compared with last year.
• Investor demand and the eagerness of some startups to
  go public are driving the market for tech IPOs.
• The market should stay strong through the second half
  of this year and into 2019, according to tech bankers who spoke
  with Business Insider.

The market for public offerings in the tech sector popped in the
first half of this year and could get even better in the second
half and on into next year.

But you’ll likely have to wait have to wait until next year for
the biggest of the so-called unicorns — the private tech
companies valued at $1 billion or more, a group that includes
Uber, WeWork, and AirBnB — to hit the market.

That’s the word from some of the investment bankers who cater to
the tech industry and work with companies that are preparing to
go public. Investors are eager for new offerings from high-growth
firms, while at the same time many companies are itching to go
public after many years of being private, they say.

“The tech sector’s going to be busy,” said Brad Miller, global
head of equity syndicate at UBS. He continued: “We’re pretty
bullish on …

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