We looked back at 2015 and found only a quarter of tech IPOs are in the black

How have tech stocks fared over the past few years — as investors re-focus on the resources recovery?

We had a look back at 2015 — a big year for tech stocks: Updater hit the boards, blockchain babes Reffind and First Growth Funds took their first steps, and Over The Wire started its upwards run.

Some 33 tech companies launched on the ASX in 2015 including ten reverse takeovers.

(First Growth Funds (ASX:FGF) technically didn’t list, but came out of a four-year suspension after it fell into administration in 2011.)

Of the tech stocks we looked at (see table below) only seven have made shareholders significant money since 2015.

Updater (ASX:UPD) has been the clear winner, rising 369 per cent since the end of 2015.

Updater offers an app that helps people move house or office and makes money from services such as booking removalists.

Telco Over The Wire Holdings (ASX:OTW) is second — up 151 per cent since 2015.

* Highlighted companies listed via reverse takeover.

iBosses (ASX:IB8) was also a winner — but was suspended from trading in July following questions over its market disclosures. A new company secretary has since taken the business in hand.

At the other end of the table, the wheels fell off XTV Networks (ASX:XTV) just over a year after it backdoor-listed on to the ASX.

For Martin Aircraft (ASX:MJP), Activistic (ASX:ACU) and Digimatic (ASX:DMC), the end came last year.

Among those that tried and failed to list in 2015 were Mazu Alliance, an unusual company that operates religious shrines, First2Move, and Hancox Racing — which according to ASIC records has been trying to list since 2013 and was still filing applications last year.

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