2015 was not a good year for IPOs. In fact, it was the worst year for tech IPOs since the financial crisis in 2009, with more and more startups opting to remain private longer.
Stock market swings stemming from an oil crisis and a delayed interest rate decision meant that some companies in the pipeline decided to postpone their IPO until 2016. “Investors in the market were looking for more certainty,” said Garvis Toler, Global Head of Capital Markets at the New York Stock Exchange.
There were a few bright spots, with some companies — like Fitbit and Atlassian — performing well in their first offerings, but for the most part the year was not kind to newly-public companies.