Jeff Jordan, center, chief executive of OpenTable, rings the NASDAQ Opening Bell in May.
The recent flurry of start-up acquisitions could signal an economic recovery for Silicon Valley, as I recently wrote about. But is a real recovery possible without the return of initial public offerings?
Probably not. But the I.P.O. landscape is looking better, too, says Robert Greifeld, the chief executive of Nasdaq OMX, the exchange where most technology companies go public.
“There have been more fits and starts, and we have clearly seen a dramatic increase in I.P.O. activity,” Mr. Greifeld said. “It’s been a healthy couple months.”
So healthy, in fact, that

