But there is growing concern that enthusiasm for investing in tech companies could be derailed by a train wreck brought on by the nation's weak economy and debt crisis.
With the stock market on a roller coaster ride and the U.S. losing its top credit rating for the first time in history due to the debt crisis, could threaten future deals on Wall Street.
One early sign could be the recent downgrading of LinkedIn's stock.
Another sign, according to The New York Times, is the impact "jitters" in the market could have on IPOs. The NYT report says that a small number of companies have curbed their IPO plans:
For volatility is the enemy of the IPO market. The ripples could spread, affecting even larger offerings this year, including some hotly awaited internet offerings.
Those jitters also could affect acquisitions.
Here is how the NYT explains the impact the technology sector has had on IPOs this year:
Although demand for offerings in the United States has been somewhat uneven, the market has shown signs of strength. So far this year, the number of offerings is up nearly 15 percent, to 93, while proceeds have more than doubled to $28.5 billion, according to data from Renaissance Capital, a firm that advises on stock offerings.
A lot of that growth can be traced to the technology sector, which has produced some of the most highly anticipated public offerings, like the online music service Pandora Media and LinkedIn, the social network for professionals. When LinkedIn went public in May, it raised more than $350 million and its shares surged 109 percent on their first day of trading.
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