In a year that saw a terrible Ebola pandemic in Africa and the resurgence of Legionnaire’s disease in New York, it’s small wonder that life sciences and health-care companies are also leading the way for initial public offerings. Still, it’s catching some off guard–particularly those who are bullish on the tech sector.
For 2015, a year in which volatility has returned to the stock market, with a correction in August that drove the Dow Jones Industrial Average down 13 percent, tech companies accounted for just 11 percent of initial public offerings. Meanwhile health-care stocks represented 44 percent of new IPOs. That’s according to new data from IPO researcher Renaissance Capital.