These Five High-Tech IPOs Are On Fire

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Who says high-tech stocks have hit the skids?

In a move that bodes well for 2013 stock market, high-tech IPOs have been absolutely on fire in the closing weeks of 2012.

In fact, judging by their gains, high-tech IPOs have soundly beaten the rest of the market’s new issues over the last three months. At least five soared by more than 40%.

Even the IPOs that many market watchers thought would fizzle have jumped out of the box.

The most recent is SolarCity Corp. (Nasdaq: SCTY) which debuted last week.

Instead of landing with a thud, shares of the solar panel installer soared nearly 50% on its first day of trading from a reduced offering price of $8 a share.

That left SolarCity tied for third place among IPO performers in the quarter that ends Dec. 31. Even as of late yesterday, SolarCity shares were still up by 55%.

But SolarCity is just the latest big winner. Here is a look at the other four winning high-tech IPOs based on their closing prices as of last week.

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