As for Twitter, it's anyone's guess as to when it will actually launch its IPO. The company announced its intentions in a Tweet, and there's only so much information you can deliver in less than 140 characters.
The company took advantage of the Jump-Start Our Business Startups, or JOBS Act, which went into force last year and lets companies with less than $1 billion in revenue hand over their S-1 filing to the Securities and Exchange Commission confidentially.
This means companies can file, make amendments and then reveal their business strategy and financial data to the public when company officials feel the time is just right. It's likely to increase the number of IPOs because it gives companies more control over the whole IPO process, Fitzgibbon said.
And, even though some investors may grumble that they have less time to evaluate a company's financials, the JOBS Act may benefit the public, Fitzgibbon argues.
"It's much like a one-day sale at a retailer; the price ends up being discounted" Fitzgibbon said, arguing that as a general rule, the less time there is between an announcement of a sale and the actual sale, the cheaper the sale price will end up being.
Twitter aside, ongoing strength in the U.S. market appears to set the stage for more tech IPOs this year
"Continued strength in the US capital markets, despite signals by the Federal Reserve that stimulus efforts would begin to slow, supported reasonable valuations and solid post-offering performance for US technology IPOs," said Tom Archer, PwC US technology industry leader, in the report. "In addition, a return to early-stage investments by venture capital investors points to improving confidence in profitable exits and a robust pipeline of future technology offerings."