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Tech IPO comeback: $50 billion in 2010?

Tech sector IPOs surged by a factor of five in terms of value from 2008 to 2009. A mere $749.2 million raised in 2008 jumped to $3.8 million so far this year, according to data from Thomson Reuters. In 2008, only three went public, while 10 tech companies made the plunge in 2009. And, expectations are even higher for 2010.

Paul Bard, a research analyst at Renaissance Capital, forecasts between 40 and 50 tech industry IPOs next year, in which $4 billion to $5 billion in capital would be raised. "We've been expecting an uptick in technology because it has really been underrepresented in the market over the last few years," says Bard. The IPO market for high-tech companies was strong in 2007, but it seized up along with virtually every other form of capital raising when the financial crisis erupted in 2008.

Continue reading Tech IPO comeback: $50 billion in 2010?

Investors double-down on Verisk IPO

Verisk Analytics isn't a catchy name but it has caught the interest of investors. The data analytics company was able to issue 85.25 million shares at $22 each for its IPO, raising a cool $1.9 billion. So far in today's trading, the shares of the company are up 30% to $28.59.

Basically, Verisk helps businesses deal with risk, with the main focus on property & casualty exposures. For example, the company's models can help predict the loss of a building due to a fire.

Continue reading Investors double-down on Verisk IPO

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