Each year since 2012 the New York Stock Exchange has hosted the majority of tech IPOs and, while this may surprise some observers, the evolution of our leadership was driven by many contributing factors. First, many pre-IPO technology companies now qualify for an NYSE listing, in contrast to 15 years ago when early-stage, pre-revenue companies were conducting IPOs. And second, with rising equity market complexity, issuers require certainty around the trading of their stock, not just on the IPO day but the security offered by the NYSE's market model, visibility and flawless execution as their stock trades in the secondary market.