Why Have Small Tech Company IPOs Disappeared?

The first half of 2014 saw 30 technology company IPOs in the United States, including such firms as software-as-a-service company Paycom Software, cloud-based software company Castlight Health, and UK-based interactive games company King Digital Entertainment. The 30 first half technology IPOs are at an annualized rate of 60 deals, which would be the most since 2007. Yet, in spite of a stock market near record highs, this level of tech company IPOs is only about half of the 116 in an average yea...