Alibaba dominated IPOs in Q3 2014, accounting for about one-third of the total, with a total value of $66.8 billion compared to $21.8 billion for other transactions. Software M&A transactions decreased, and the overall number of tech IPOs year-on-year rose by 53% from Q2 to Q3 2014. BDO forecasts increased activity in IPOs and M&A deals in the technology sector.