High-technology companies may not be as successful during their initial public offerings (IPOs) as low-technology companies. A study looked at 334 companies on the Warsaw Stock Exchange from 2004 to 2018 and found that high-tech companies raised less money and had higher underpricing during their IPOs. This could be because high-tech companies have more information asymmetry, meaning investors have less information about them. To improve their IPO success, high-tech companies should provide more detailed information before going public and consider raising less money initially.