Companies can’t find enough coders.
Alibaba has gone public in a $25 billion deal. Now an avalanche of IPOs may follow. It is rumored that dozens of disruptive mobile, cloud, network systems and biotech companies are ready to tap public markets. Even before Alibaba, about 190 companies had raised $40 billion in 2014, a 40% increase from last year, according to a recent report from Renaissance Capital. Investors who remember the dot-com days of 1999 may cringe at the thought of a deluge of IPOs. But it may be a sign of vigor.