San Francisco Chronicle
It was another good year for stocks, as the S&P 500 wound up rising about 11 percent. Brace yourself — the next 12 months could be historic for tech IPOs, even by the inflated, reality-proof standards of Silicon Valley. From Uber and Airbnb to Pinterest and Spotify, we have never before witnessed such a long conga line of companies worth billions of dollars (at least on paper) expected to dance their way to Wall Street. “It could be a very big year,” said Paul Bard, director of research for Renaissance Capital, an IPO and electronic traded funds manager in Greenwich, Conn.