admittedly 0 in the last quarter is unusual, but the trend is explainable, and it's weird that the article acts like there's some sort of mystery here, when the

admittedly 0 in the last quarter is unusual, but the trend is explainable, and it's weird that the article acts like there's some sort of mystery here, when the reasons for the trend seem pretty clear (and have been discussed at length before..): tech companies are not going public because 1. They don't have to (they can raise just as much $$ in the private markets with far less scrutiny) and 2. Going public is a huge pain that most people want to avoid (reporting, quarterly (read: short-term) goals, public scrutiny). Also, a bunch of other reasons, but that seems like the two most well-known factors that for some reason are not mentioned at all in the article..unless I'm missing something. The article hints that the market's poor reaction to recent IPOs is a major factor, but I'd say it's less than the two I mentioned above, though I can't quantify that here.