Leju Holdings Ltd.: Paycom Software Inc.

Paycom Software Inc.: Technology companies had a relatively easy time marketing initial public offerings while stock markets were steadily rising: the Nasdaq 100 Index rose 33 percent to a 14-year high in the year through early March. For Sabre Corp., Weibo Corp., Leju Holdings Ltd. and Paycom Software Inc. -- pitching to raise $1.63 billion by Wednesday -- the timing is less ideal, according to Bloomberg. Investors are beginning to look more toward fundamentals in the IPO market, so these growth companies will either have to delay or push out as soon as possible, said Sica, whose Sica Wealth Management LLC oversees more than $1 billion and invests in new issues and Goodbye, momentum. Since that early March peak, the technology benchmark has dropped more than 6 percent - and newly public shares have been hit particularly hard. Almost all the Internet and software IPOs that were conducted since 2012 fell in the 10 days through April 7, and the median drop was about 11 percent, data compiled by Deutsche Bank AG show. The selling is making investors less likely to bet on companies with meager revenue and earnings, according to fund manager Jeff Sica. Related: Silicon Valleys Rich Lose $11.5 Billion in Tech Selloff Watsa Says Dot-Com Rally to End in Tears (news.financializer.com). As reported in the news.