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Tech IPOs expected to make a comeback in 2016

But investors will expect more profitability and cash flow

IN DEMAND: Public investors have been willing to pay up for a piece of collaboration software maker Atlassian Corp after it pitched its track record of annual revenue growth of 40 per cent and 10 years of net income.

New York

EXPECT a resurrection of technology initial public offerings (IPOs) 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...