"It's both Facebook performing well, and (a stronger) tech (market) helping any high-profile tech stock," says Bill Tai, a general partner at Charles River Ventures.
"What happened last year is ancient history," says John Fitzgibbon, founder of market researcher IPOScoop.com. "Facebook was a spectacular pop and flop. Market conditions were bad then."
But Facebook's strides in mobile advertising and healthier financial standing since underscore an improved tech sector, Fitzgibbon says.
"This market is stronger than people realize, with some promising IPOs," Fitzgibbon says. "Apple's stock drop is masking the true strength of (the tech-heavy) Nasdaq composite."
Two business-software companies are expected to go public Friday: Marketo, which makes marketing software, and data-visualization company Tableau Software, which recently raised its price range to $28 to $30 per share, from $23 to $26.
There could be more, with strong rumblings of potential IPOs over the next year from consumer tech players such as Twitter, Square, Dropbox and Box, among others.
Last year, Facebook's flop rippled to the market, with an absence of consumer-related Web offerings in late 2012 and early this year.
Since Facebook stumbled out of the IPO gate, however, it has rebounded nicely. Despite the rap against Internet companies as money-losing story stocks, Facebook has been profitable the past two quarters.
It recently reported $1.5 billion in revenue for its first quarter, which is 38% higher than it was in the same quarter a year ago. Facebook's net income of $219 million in the first quarter was a 6.8% improvement over the same period a year ago. That's above the 5%...