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Tech IPO Market Rebounds, with Less Froth

Tech IPO Market Rebounds, with Less Froth
GoPro CEO Nick Woodman. Photo by Bloomberg.

Remember when investors shunned tech IPOs?

This spring’s tech offering drought felt like a thing of the past when network equipment maker Arista Networks debuted last week at $43 a share, well above its $40 target. Security software maker MobileIron priced at the middle of its range and gained 22.4% to end its first day of trading at $11.02. 

Chinese Internet company’s valuation of $25.7 billion exceeded expectations when it priced last month. Trendy camera maker GoPro, whose suggested price range values the company at around $3 billion, is hoping for a lot of demand.

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