Global Tech IPOs to Fare Better in 2017 - ReportAccording to CB Insights, there were only 14 tech IPOs year-to-date in 2016, a number the data indicates will go up in 2017.
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While 2016 did not turn out to see a flurry of tech IPOs as companies continued to access funding privately. But as companies in the pipeline continue to mature, increased calls by investors for companies to go public, and a slowing down of deep pocketed investors like mutual funds and hedge funds financing late-stage startups, the drumbeat for a busier 2017 IPO pipeline is getting louder, according to a report by venture capital database CB Insights.
According to the firm, there were only 14 tech IPOs year-to-date in 2016, a number the data indicates will go up in 2017.
Internet companies will make up for 73 percent 0f 2017's tech IPO pipeline, up from 64 percent last year. Mobile and telecom companies come second with 39 companies.
Computer hardware and electronics companies combined to make up nearly 6% of 2017 pipeline companies. According to the report, Andreessen Horowitz, which backs companies like Airbnb, Groupon and Buzfeed, counts the most Tech IPO Pipeline companies in its portfolio as well as the highest number of Tech IPO. Accel Parnters, Sequoia Capital and NEA also featured in the list of top five venture firms.
Our top 5 IPO prospects for next year are Qualtrics, Zuora, Blue Apron, Okta, and Pluralsight. There were only 14 tech IPOs year-to-date in 2016, a number the data indicates will go up in 2017, the report cites.
