Tech IPO market still dead

With all the stock market frothiness these days and tech stocks like Apple (AAPL) and Google (GOOG) leading the charge, one would think it's high time the tech IPO market rebounded. Well, the broader IPO market appears to be bouncing back somewhat. Over the past three months, 23 companies filed S-1 documents with the SEC announcing intent to issue new shares, according to IPO tracker Renaissance.

Promising, but only four of the 23 were tech companies. The majority were finance companies of some sort or another. Four filings in three months means the tech IPO markets are sill seized up. For venture capitalists starved for liquidity events, that's very bad news.