Deutsche Bank has increased its forecast for US technology initial public offerings in 2012 after a first quarter more active for tech IPOs than any in the last 12 years.

In a report released yesterday Deutsche Bank increased its forecast from 43 IPOs at the beginning of this year to between 50 and 55 following first quarter volumes. Ted Tobiason, managing director in equity capital markets at the bank, said that 14 technology IPOs had priced in the US this year, the largest number of tech deals in a first quarter since 2000.