Dealogic says that last year US technology IPOs delivered the highest average one-day return since 2000 with a performance of 41% gains, the highest average one-day return since 2000 (91%) and up from an average of 30% in 2012. This is great news for PE and VC investors who are floating portfolio companies. It is not just the US that is doing well, although it is tops in performance compared to the other regions. The global technology IPO average one-day return for 2013 stands at 37%, which was a better capital market performance than 2012. The global figure is up by 12% over 2012 numbers, highest average one-day return since 2009 (46%)
- US Technology IPO volume reached USD 6.7bn representing 31 deals. The figure is down compared to the USD 20.3bn (32 deals) raised in 2012.
- Technology ranks third in the US IPO sector ranking so far this year, behind Oil & Gas (USD 9.5bn via 17 deals) and Healthcare (USD 9.5bn via 51 deals)
- The best performing in 2013 was Benefitfocus Inc’s USD 150m IPO. It recorded a one-day return of 102%,
- Twitter Inc’s USD 2.1bn IPO was the largest US Technology IPO of 2013, and recorded a one-day return of 73%
- Goldman Sachs leads the global Technology IPO bookrunner ranking in 2013 YTD with a 19.6% market share, followed by Morgan Stanley and Deutsche Bank with 18.2% and 14.5%, respectively.