After a dull year, 2016 promises more action from US tech IPOs

San Francisco

AFTER an unusually slow year for technology companies going public, investors and bankers are expecting 2016 to be more fruitful. They're counting on a string of corporate software companies to fill the pipeline of initial public offerings.

Selling software to businesses isn't as sexy as remaking the taxi or hotel industries. But investors like software companies because their revenue and cash flows are generally more predictable than those of consumer-tech businesses, said Brett Rochkind, co-head of General Atlantic's Internet and technology sector.