It would be too much to say the initial public offering market rests on the performance of a $54 million technology listing - but a good showing would certainly help sentiment and maybe keep the IPO window open.

Point of sale payments business Splitit has conditional approval to hit the ASX-boards next week, making it the first new listing of 2019.

A number of funds are understood to have tipped into the $12 million IPO, perhaps pulled in by former Vocus Communications' founder James Spenceley as a key backer and ex-National Australia Bank head of institutional Spiro Pappas' role as chairman.

Street Talk. Joe Armao

See Pappas, as the story goes, headed the team at NAB that onboarded Afterpay which has been a roaring success for early investors and is now worth more than $3.5 billion.

Splitit is similar but different to Afterpay. The company enables point of sale interest free instalment payments using a "hold'"on a consumer's existing credit card available balance to secure future payments.