For the first time since the worst months of the Great Recession in 2009, not one tech company went public last quarter.
Much like the water levels in Californian lakes and reservoirs in the past few years, the initial public offering market in tech has dried up drastically. Just two years ago, 62 tech companies went public. After high hopes in the beginning of 2015, the global economy’s slowdown—most notably seen in China’s dropping stock market—has stalled the march of tech companies listing their stocks for sale in a public market.
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