Tech IPOs face tough crowd with start-up fatigue

New York

EXPECT a resurrection of technology initial public offerings in 2016 as private fundraising options cool. But when it comes to valuations, it may not be pretty.

After a slow year for tech IPOs, market-bound companies will need to show profitability - in addition to lofty promises of sales growth - before investors are willing to pile into share sales the way they have in the past.