The year 2020 has affected all the industries very badly. But with companies turning towards technologies that can facilitate remote work with successful initial public offerings or otherwise called IPOs have been increasing day by day. The companies of the US alone generated a record of US$ 435 billion in tech stocks sales in 2020. But the interesting thing is that more than a quarter comes from tech IPOs. The big tech cloud-based software companies such as Zoom, Snowflake, Asana, Airbnb, and Palantir have been continuously witnessing the rise of the stock prices as work from home and e-commerce continues to grow. Let's look at the 10 biggest tech IPOs in 2021 that are in demand.
Couchbase Server was originally known as Membase, it is open-source, and is a NoSQL vendor. Couchbase has jumped up by nearly 39% on its July market debut taking the company's value to more than US$ 1 billion. It was earlier priced at US$ 24 a share on the Nasdaq stock exchange and later jumped to US$ 33.25 making it to the top tech IPOs in 2021.
Wise was founded by two Estonians; it is best known for its online international money transfer and cross-border payment services. Wise is a UK fintech success story that gained huge popularity on the London Stock exchange last month as a direct listing. This took the company's value to £8 billion making it the biggest tech IPOs to float on the LSE.
SentinelOne is an Israel-founded firm, now based in California. SentinelOne is a cybersecurity firm that closed its debut on the New York Stock Exchange up to 20% at US$ 42.50 per share though it only expected between US$ 31 to 32 per share making it to the list of top IPOs in 2021. The firm specializes in endpoint security implementing machine learning techniques to fight against cyberattacks under its singularity platform product. SentinelOne raised US$ 267 million on a US$ 3.1 billion valuation last November.
Confluent also experienced a good rise over US$ 36 per share in the last weeks of June even though its listing price ranged between US$ 29 to US$ 33 a share marking a tech IPOs in 2021. The value of the company reached US$ 9 billion. The Mountain View, CA-based company technology is used by retailers, automotive makers, and banks to gain faster insights into their businesses.
Sprinklr is a customer experience software that priced its shares at US$ 16 at its IPO last June reaching the value at US$ 4 billion. Sprinklr is popularly known for its social media management, connect marketing tools, and advertising having big companies as its clients. It had a revenue of US$ 387 million in the latest financial year making it to the list of tech IPOs in 2021.
Monday.com is an Israeli-based workplace management software marker. It had a good rise on the Nasdaq at US$ 174 on the first day of trade. It has the value of nearly US$ 10billion of market cap as one of the biggest tech IPOs in 2021. This is a cloud-based platform that facilitates the companies to create customizable project management tools and competes with the likes of Trello and Asana.
ZipRecruiter is an online job search engine floated via a direct listing like the Wiseon the New York Stock Exchange in May. The company has a value of over US$ 2.4 billion marking it as one of the tech IPOs in 2021.
Squarespace is a website builder that was founded by Anthony Casalena in 2003. It hiked on the New York Stock Exchange via a direct listing in May like the Wise and ZipRecruiter. It has a value of about US$ 6.4 billion. The company has been sailing in profits consistently.
SUSE has been evolving with time aiming to help customers navigate the container era, with a shift of acquisition of Kubernetes specialist Rancher labs in July 2020. The firm has a value of £5 billion.
Darktrace was founded in 2013 by a group of mathematicians and ex-intelligence agents to analyze enterprise data to respond to cybersecurity threats. Darktrace is a UK cybersecurity company that has a rise on the London Stock Exchange in April with £3.58 on the first day. The firm has a value of about £2.4 billion as one of the tech IPOs in 2021.
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