Deals Year in Review: Only Facebook Lifted the Tech World
Wall Street was captivated by Facebook’s’ so-called bake off of banks looking to run the biggest offering in years.
Turns out, it was also among the few events global tech investment bankers had to fight over this year.
Outside of Facebook’s $16 billion offering, the tech world’s deal activity dropped across the board this year. Global mergers and acquisition volume in the industry slid 10% from the prior year to $198 billion and follow-on offerings dropped 31% to $16.2 billion, according to Dealogic.
