This past quarter has been pretty good for the tech sector, not all that surprisingly.
According to PricewaterhouseCoopers’ (PwC) latest quarterly report on U.S. technology deals, 2014’s third quarter has remained strong, yielding 64 deals for a total of $31.2 billion in value.
A couple of additional interesting findings, among others: The various sub-sectors of tech contributed more evenly in value, and average deal size is picking up.
Above: Average deal size is picking up
Unlike recent quarters in which one category of tech companies dominated in total size of the deals, this quarter showed a more even spread among the five categories PwC tracks (semiconductors, IT services, hardware, Internet, and software).
PwC also pulled together numbers on 2014’s global tech IPOs in the first nine months, finding that there have been 84 of them, with a total issue size of $43.7 billion. In comparison, there were only 64 last year, totaling $11.4 billion.
So far this year, Alibaba’s public offering has been the largest, pulling in a whopping $21.8 billion by itself. Last year, Twitter took the top spot with a measly $1.8 billion.
The report also finds that Internet software and services is consistently dominating the global IPO market, and accounting for an increasingly larger chunk of the total number of deals. While in 2011, these companies made up 44 percent of the total number of IPOs larger than $40 million, they made up 67 percent in 2014.
Above: Software is a growing piece of the pie
