Facebook Inc. is set to lead the biggest year for U.S. IPO's by Internet companies since 1999. According to Bloomberg, the industry may raise $11 billion next year. Facebook is considering the largest Internet IPO on record. Furthermore, regulatory filings show that at least 14 other web-related companies are planning sales.

“Technology is still a place where you can get outperformance in terms of growth against a tepid market backdrop,” said David Erickson, New York-based global co-head of equity capital markets at Barclays PLC. “You might see more IPOs emerge if we get resolution in Europe or stability that makes investors more comfortable with the overall market.”

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