LinkedIn, the business-oriented social-networking platform, is expected to go public this week with the 22nd high-tech IPO of the year. In all of 2010, there were 42 tech IPOs, so we're ahead of that pace. Still, we're a long way from the highflying Internet IPO landscape of the late 1990s.
All told, 2011's tech IPOs have returned 11.4 percent so far. That's a decent number, but a far cry from the stocks that turned four or five somersaults their first day out in the high-tech boom. One of the most visible, Demand Media, has seen its stock drop by 28 percent since it held its IPO in January. Another, NeoPhotonics of San Jose, California, announced its IPO at $11 per share, and promptly dropped to the $9 range, where it's traded ever since.
Overall,though, we may be seeing a new upsurge of the IPO market. Through the end of April, the number of new offerings had just kept pace with 2010, but the number of companies filing to have their IPO reached 31 in April - the highest that figure has been in any month since before the recession, in August 2007.
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