The troubling initial share sales from Square and Box last year contributed to a freezing of the tech IPO market. Those companies may now be helping it thaw.
There hasn't been a tech IPO from a U.S.-based company since Square and Match.com debuted in November. Atlassian, headquartered in Australia, went public in December. Since then, Elevate Credit postponed its offering and Nutanix shelved its road show as tech stocks plunged to start the year.
But after the market closed Wednesday, Square and Box delivered earnings reports that uplifted shareholders, with both showing they have the potential to actually make money.