west.his is bloomberg i'm tom giles, and for emily chang.surged in their debut friday, after the software maker raised $230 million in expanded ipo. it joins a number of smaller tech ipos in recent weeks. said, 2016 has been the slowest year for u.s. tech ipos in seven years. joining us to put the environment in perspective is any a's had a tech investing, scott sandel. thanks for being with us today. huge day today, nutanix' surge. talk about tech ipo's. >> it is a great day for tech ipo's. these things come in cycles. in the beginning of a good cycle, you have to have something encouraging for other investors. what happens is the first penguins that drop off the iceberg into the cold water offer something attractive, and they offered an attractive price. that's why these shares surged 131% today. we saw truly elite couple of weeks ago, also a really nice outcome. all the investors and wall street are thinking this is a good time to get back into ipl's. after four or five of these nice things, they will decide they can't afford to live with