Last November Morningstar senior equity analyst Brian Han wrote that: "the inexorable rise of the technology sector, both in Australia and in the US, has encouraged many companies even with a whiff of anything online or digital in their business models to explore a secondary listing."

This week, we look back at the performance of 13 of stocks he listed last year under the online/technology bucket.

"Online/technology" IPOs in 2020 (List price to Monday 17 May)

Online/technology IPOs 2020

Source: IPO watch, Google

The negative tilt reflected 2020 IPOs as a whole. Morningstar Direct data shows that for the 96 ASX companies that debuted last year, 60 had negative returns Year to Date for 2021.