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That IPO rebound isn't happening yet

The expected 2017 IPO rebound has hit a major speed-bump. Just three companies filed new paperwork for initial public offerings in January, tying it with last February for the slowest such month since May 2009.

To be clear, that doesn't mean that only three tech or biotech companies filed for IPOs. It's three altogether, according to Renaissance Capital:

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Data: Renaissance Capital; Chart: Andrew Witherspoon / Axios

Actual 2017 IPOs have been a bit stronger with seven companies pricing so far on U.S. exchanges, although that's the same or weaker than eight months in a 2016 that was widely viewed as slow.