Last week, my column handicapped what will certainly be a big IPO year in 2019. This week, I want to say more about the year we already had—and a trend that I suspect some of you missed.
Despite the fact that many big names (Uber, Airbnb) were still waiting it out, 2018 was a record year for tech IPOs, as determined by their size. There were 14 tech IPOs that each raised more than $1 billion, according to Thomson Reuters. That doesn’t include Spotify—whose direct listing didn’t raise any new capital—or other high profile offerings like Dropbox, which came in under the threshold.