Massachusetts has fallen farther behind California and New York in the number of companies in the tech IPO pipeline, according to industry tracker CB Insights.
This year, California had 308 companies in the tech IPO pipeline, while New York had 61 and Massachusetts had 52.
In 2015, California, driven by Silicon Valley, will continue to dominate, with 315 companies in the tech IPO pipeline, while New York, which had sizable financings in 2014, will have 69 companies — 57 percent more than Massachusetts' 44.
"While there were fewer companies for 2015, it wasn't a huge difference from this year, meaning many companies from this year either remained unexited or raised additional funding," said Matthew Wong of CB Insights.
"All of these companies are valued at more than $100 million and have demonstrated they have enough traction to go public if they want to."
Fifty-nine percent of Massachusetts companies in next year's tech IPO pipeline are in the Internet sector, while 16 percent are in computer hardware and services. Mobile/telecommunications and software each account for 11 percent, with other companies accounting for 2 percent.
Among the Bay State firms most likely to go public in 2015, Wong said, are Actifio, a Waltham data storage firm valued at $1.1 billion; SimpliVity, a Westboro data center management company; Dataxu, a Boston marketing software firm; Veracode, a Burlington cloud-based service; and Bit9, a Waltham leader in advanced threat protection.
"If Massachusetts has a few big IPOs next year, that could increase investors' interest and provide some tailwinds for other Massachusetts companies," he said.
SimpliVity already has $101 million in equity, and since August 2013, the number of its employees has quadrupled from 100 to 400, CEO Doron Kempel said.
"We're assuming an IPO is in our future," Kempel said. "If we stay focused, good things will happen."
Two of the top five tech companies in the U.S. that are expected to go public in 2015 were founded in Massachusetts, but moved to California. Dropbox, an online file-sharing firm started by MIT students, is now valued at $10 billion, Wong said, while Stripe, a payments-processing company started by a Harvard student and his brother, is valued at $3.5 billion.
This year, several Massachusetts companies had IPOs, including Wayfair, a Boston-based online furniture and home goods retailer that raised $319 million; HubSpot, a Cambridge maker of marketing software that raised $125 million; and Care.com, a Waltham-based online marketplace for personal care services that raised $104.6 million.
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