NEW YORK (
) -- With the
debut of public offerings
already this year, analysts expect the tech industry to see a large number of new issuances in 2011.
While some late-stage Silicon Valley companies like
massive amounts of capital in the private markets
and are unlikely to go public this year, strong demand for
-- both of which have filed in the last month -- might trigger other high profile start-ups to take the plunge, say analysts.
Seven technology companies have gone public so far this year, more than any other industry, according to Renaissance Capital, an IPO research firm based in Greenwich, Conn. Tech has performed better than other sectors, too, with a 21.3% average total return.
Scott Sweet, a senior managing partner at IPO Boutique, an IPO advisory firm in Lutz, Fla., says the number of public offerings in the tech sector is estimated to double this year over last year, when 42 companies in the space priced.
Top IPO candidates for this year include smart-grid star
Silver Springs Networks
, local daily deals site
, an online video company that recently hired a new CFO with public company experience.
There are also 31 tech companies in the IPO pipeline -- companies like Internet calling service
that have filed an S-1 but have yet to price -- that will likely be tracking the performance of recent public offerings to determine the right time to take the plunge.
Here's a look at
five of the best performing newly public tech stocks
, based on their prices' percentage increase and selected with help from Renaissance Capital.