Tech IPOs slightly outpaced the broader stock market this year, propelled by strong showings from enterprise software companies including Monday.com and SentinelOne. Among the worst performers for new public listings were Coinbase and a handful of Chinese stocks.

The share price of companies that went public via an initial public offering or a direct listing increased an average of 19% as of Friday from their IPO prices, according to an analysis of IPOBoutique data by The Information. In contrast, the Nasdaq Composite has increased 14% since the beginning of the year and 16% since its March closing low.

The growth shows the tech IPO market was able to overcome a hiccup this spring, when investors approached choosing companies with greater caution during a flood of new tech listings. The strong numbers also signal that the public markets are supporting the generous markups in valuations that startups are now commanding in private financings. And it explains the steady stream of companies filing to go public in recent weeks, flagging a strong second half of the year for the IPO market.