The 2021 IPO Line-up
Even as the global economy floundered, IPOs had a banner year in 2020, witnessing the highest IPO activity in a decade with $331B raised across 1,591 listings, an increase of 42% compared to 2019. The trend of growth in IPO volume and value is set to continue into 2021 with Affirm, the first major tech IPO getting a 98% listing gain. Here’s a look at promising companies looking to go public this year.
Country: US | Founded Year: 2004 | Funding: Series G, $855M
Estimated Valuation: $29.5B
Notable Investors: Tiger Global, Andreessen Horowitz, Altimeter Capital, Dragoneer
With the consumer spending its mobile game doubling compared to last year, Roblox has seen a 43% growth in its global installs to reach more than $1B in global revenues.
Country: India | Founded Year: 2007 | Acquired by Walmart
Estimated Valuation: ~$50B
Flipkart has been growing at a quick pace, benefiting from the shifting consumer preference towards online shopping and its offering expanding to hyperlocal and groceries. The company has seen its revenue grow in FY 2020 by 12% to $4.73B and has cut its losses by 18%.
Country: US | Founded Year: 2013 | Funding: Series G, $2.2B
Estimated Valuation: $11.7B
Notable Investors: DST Global, Sequoia, IVP, Andreessen Horowitz, Index Ventures, Greenoaks, Ribbit Capital
The stock trading platform has seen a boost in the number of users by appealing to younger investors through its convenient interface and zero commissions, adding 3 million accounts during the first quarter of 2020. It has more than doubled its workforce in the last year, strengthening it by 102% YoY.
Country: US | Founded Year: 2010 | Funding: $1.6B
Estimated Valuation: $100B
Notable Investors: Andreessen Horowitz, General Catalyst, Kleiner Perkins, Tiger Global
The payments company has flourished with an acceleration in adoption with 94% of its enterprise customers using multiple Stripe products, and 84% using Stripe in multiple countries . With its ambitious mission of increasing the GDP of the internet with its economics infrastructure.
Country: US | Founded Year: 2012 | Funding: $2.4B
Estimated Valuation: $17.7B
Notable Investors: Kleiner Perkins, Sequoia Capital, Y Combinator, Canaan Partners, Dragoneer, General Catalyst
The grocery delivery startup has seen its volume rise by 500% during the pandemic. Its fundraising round in 2020 more than doubled its valuation and the IPO could value the company at $30B.
Country: US | Founded Year: 2012 | Funding: $547M
Estimated Valuation: $8B
Notable Investors: Tiger Global, IVP, Y Combinator, DFJ Growth, Andreessen Horowitz, Ribbit Capital
The cryptocurrency exchange company has 35 million verified users and a trading volume of $320B. The company will be buoyed by the sustained surge in bitcoin price as the value of the cryptocurrency has risen by more than 300% in the past year.
Country: India | Founded Year: 2012 | Funding: Series J, $1.9B
Estimated Valuation: $3.9B
Notable Investors: Sequoia Capital, Temasek, Info Edge, Ant Group, Tiger Global, Vy Capital
Zomato has delivered more than 130 million orders since the imposition of the lockdown in March. Its valuation of $3.9B makes it the most valued food tech start-up in India and it is looking to launch its IPO in the first half of 2021 to bolster its cash reserves.
