In the last year, IPOs have raised $62.4 billion, according to data by Renaissance Capital. In just the first four months of this year, 136 new IPOs have been filed, up from 57 during the same time period of 2013.
These IPOs are creating a lot of new wealth, especially for tech entrepreneurs, and a new client base for advisors to tap into.
Where are all these new companies cropping up? While Silicon Valley still dominates the startup market, other tech hubs are up-and-coming. And there’s a lot of venture capital money swirling around. Here are the top 10 cities ranked by total VC investment in the first quarter 2014.
Source: The MoneyTree Report by PricewaterhouseCoopers and the National Venture Capital Association with data from Thomson Reuters.