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Entertainment Media/Telecom

Pace of Tech IPOs Remains Muted Despite Strong Market

The year started well for the U.S. market of technology initial public offerings. Unicorns like Snap and Cloudera went public with a pop. Stock indexes soared. Now, though, tech bankers and investors say that 2017 won’t be the boom year they expected it to be. But they are still hopeful things will turn around in coming months.

“This was supposed to be the year of the tech IPO, but it has been abysmally poor,’’ said Matt Harris, a managing director at Bain Capital Ventures.