5 Tech IPOs To Watch Out For This Week

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This could be an interesting week for the tech sector, with five IPOs due. The largest should be technofinancial Lending Club, set to price Wednesday. The priciest per share could be New Relic, which could price as high as $20 per share; that's due to open trading Friday. The dark horse could be Hortonworks, which like New Relic is said to be pricing conservatively to entice investors and is also slated to price Thursday and go on sale Friday.

According to VentureBeat, four of these tech IPOs should raise more than $1B next week among them:

At some point, this year became a long-running waiting game for those looking out for technology companies that are going public.

Several fast-growing privately held tech companies, from Box to Dropbox, from Cloudera to Uber, have postponed the rush to public markets by taking on huge funding rounds this year, surprising observers again and again. But those people can take a sigh of relief next week, when four tech companies will finally hold initial public offerings.

These companies might not be the most profitable ones around at the moment, but it might be a good idea to give them some time. As investor Tom Tunguz pointed out in a blog post this week, cloud-software companies that have gone public this year “pop” once they become publicly traded.

Read the entire article at VentureBeat.

But the most interesting IPO of the week could be Momo, also slated for Friday. The Chinese mobile social app is looking to raise about $300 million - modest considering that speculation at one point put its valuation at $3 billion. See TechCrunch for more info.

Disclosure: None.

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