tech sector

Party’s Over: Tech IPOs Collapse on Wall Street

The tech sector is no longer the hottest place to be on the stock market. Initial public offerings (IPOs) have plummeted in tech in 2015, putting the sector behind health care and financial companies.

Asleep at computer (Aaron Jacobs / Flickr / CC / Cropped)

NYC Hedge Funds Risk ‘Down Rounds’ in Silicon Valley Deals

Following Benchmark Capital partner Bill Gurley’s warning last week at the South-by-Southwest conference (SXSW) that “we are in a risk bubble”, Bloomberg, the Wall Street Journal and the New York Times all sounded the claxon horn Monday morning that New York hedge funds and mutual funds are flooding into late-stage venture capital-back tech companies in the futile hope of making a killing when the firms go public.

The Associated Press