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So far, so good for IPO activity in the U.S. and around the world.

Global professional services firm EY published its Global IPO Trends report for Q1 2017 today, and found that U.S. IPO activity is up compared to the same time period last year.

There were 24 IPOs during Q1 in the U.S., up 200 percent from last year, with a total raised of $10.8 billion, up 1,380 percent from last year. The U.S. accounted for four of the top ten deals globally in Q1.

The most lucrative IPO in the U.S. was for Snap, which raised $3.4 billion last month. Its shares are down 9 percent. Invitation Homes also raised $1.5 billion in January; its shares are up 9 percent.

There were four U.S. technology companies that went public in Q1, which tied with consumer products for the highest IPO activity based on sectors.

“The first quarter of 2017 was one of the strongest for the US IPO market and established a solid runway for more deals for the remainder of the year,” EY Americas IPO Markets Leader Jackie Kelley said in a statement. “This positive performance should attract more tech and unicorns to the public markets and further open the door for other sectors such as retail, energy and real estate. With the market currently insulated from the political uncertainty, more companies are expected to enter the filing process.”

IPO activity is also up globally, with 369 IPOs raising $33.7 billion in Q1, up 92 percent and 146 percent from last year, respectively. Q1 2017 was the most active first quarter for public offerings since Q1 2007.

Technology companies accounted for 12 percent of the global IPOs, with 45 total. Asia-Pacific led the way regionally with 70 percent of the global number of IPOs.

“This is a promising start to global IPO activity this year,” EY Global and EY EMEIA IPO Leader Dr. Martin Steinbach said in a statement. “In the face of sustained global economic uncertainty, the first quarter of this year has set the stage for accelerated growth in 2017. Economic fundamentals are improving in the major developed economies. Equity index performance and valuations are trending upward, with several major indices reaching all-time highs. Concurrently, volatility is low, underpinning positive IPO sentiment, which is also supported by the successful US listing of a large technology unicorn.”

The Seattle region has yet to see an IPO in 2017. Last year, PhaseRx, Impinj, and Apptio went public, which ended a 2015 drought when no companies from the area completed IPOs.

PhaseRX has seen shares drop by 70 percent; Apptio’s stock has fallen nearly 50 percent. Shares of Impinj, meanwhile, have risen more than 50 percent since the RFID company went public last year.

Greg Beams, a partner at EY, spoke on the GeekWire Podcast last month and said there should be some IPO activity in the Seattle area this year.

“All the signs are there that say this market should open up at some point in 2017 and allow some of these companies to get out the door,” he noted.

This past December, CB Insights looked at the top 369 U.S. tech companies that are poised for an IPO in the coming year. Seven companies from Washington made the list: Avalara, Rover, PayScale, Redfin, OfferUp, Avvo, and Inrix.

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