NYSE is now the leading platform for technology IPOs. In the first half of 2012, the NYSE listed 53% of all U.S. tech IPOs and continues to provide the most global platform among exchanges for capital raising. As recently as five years ago, most technology companies could not qualify to list on the NYSE and our market share in the sector was less than 12%. Our present majority market share is thanks in part to some recent key changes:
Recent Tech IPOs at the New York Stock Exchange
Tech companies recently listing their IPOs on the NYSE came from many sectors, and included companies such as:
2012 vs 2011: Changes in Subsector Mix
While technology IPO volume in the first half of 2012 was similar to the first half of 2011 (31 transactions in 2012 vs. 32 in 2011), the subsector mix was different. During the first half of 2011, internet IPOs accounted for nearly half of all technology IPOs, while in the first half of 2012, software was the best represented technology subsector, accounting for one third of all technology IPOs. Software IPOs have been driven in part by the proliferation of cloud computing.