Today, we take a look at the major tech IPOs from 2018. The IPOs were few and far between in the overall market. We shine a spotlight on the eight tech companies that were able to debut their offerings on the Nasdaq and NYSE in 2018 as we anticipate some major IPOs for 2019 (Uber and Lyft). For each company, we have included some additional information such as industry, valuation at time of IPO, change in valuation, select investors in the company, total external equity funding raised prior to IPO, and location to further the analysis.
Interesting Facts:
The average time to IPO for the 2018 Tech IPOs was 4690 days from day of founding or 12.85 years Tweet This
The average amount of external equity funding raised by the Tech companies that went public in 2018 is $624M Tweet This
The 2018 Tech IPOs are collectively down 1.12% in value from their time of IPO versus -6.2% for the S&P500. Tweet This
77.78% of the major Tech IPOs in 2018 are for companies from the Bay Area Tweet This
CLICK HERE TO SEE THE MAJOR TECH IPOS OF 2018
The TechWatch Media Group audience is driving progress and innovation at a global scale. With its regional media properties, TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including sponsoring a piece like this, which will be read by the vast majority of key influencers in the entrepreneurial universe. Find out more here.
DocuSign DOCU (NASDAQ)
Description: San Francisco-based DocuSign went public on the NASDAQ on April 27. DocuSign helps small- and medium-sized businesses collect information, automate data workflows, and sign on various devices. Selected investors in DocuSign include Bain Capital Ventures, Comcast Ventures, EquityZen, Microsoft, and Scale Venture Partners.
Industry: Cloud Management, Computer, E-Signature, Information Technology, Software
Founding Year: 2003
Total Equity Funding Raised: $534.2M
# of days it took to IPO: 5595
Valuation at IPO: $4.5B
Closing Price on Date of IPO: 39.73
Closing Price on 1/9/19: 42.67
Percentage Change: 7.40%
The TechWatch Media Group audience is driving progress and innovation at a global scale. With its regional media properties, TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including sponsoring a piece like this, which will be read by the vast majority of key influencers in the entrepreneurial universe. Find out more here.
Dropbox DBX (NASDAQ)
Description: San Francisco-based Dropbox went public on the NASDAQ on March 23. Dropbox provides secure file sharing, collaboration, and storage solutions. Selected investors in Dropbox include Goldman Sachs, Index Ventures, Macquarie Group, Morgan Stanley, and Y Combinator.
Industry: Collaboration, Enterprise Software, File Sharing, Private Cloud, Web Hosting
Founding Year: 2007
Total Equity Funding Raised: $607.22M
# of days it took to IPO: 3948
Valuation at IPO: $9.2B
Closing Price on Date of IPO: 28.48
Closing Price on 1/9/19: 22.3
Percentage Change: -21.70%
The TechWatch Media Group audience is driving progress and innovation at a global scale. With its regional media properties, TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including sponsoring a piece like this, which will be read by the vast majority of key influencers in the entrepreneurial universe. Find out more here.
Sonos SONO (NASDAQ)
Description: Santa Barbara-based Sonos went public on the NASDAQ on August 1. Sonos is a wireless multi-room music system enabling users to play music anywhere in the house and control it using a smartphone. Selected investors in Sonos include e.ventures, EquityZen, Index Ventures, KKR & Co. (Kohlberg Kravis Roberts & Co.), and Redpoint.
Industry: Audio, Consumer Electronics, Hardware, Music, Wireless
Founding Year: 2002
Total Equity Funding Raised: $325.15M
# of days it took to IPO: 5876
Valuation at IPO: $1.48B
Closing Price on Date of IPO: 20.95
Closing Price on 1/9/19: 10.92
Percentage Change: -47.88%
The TechWatch Media Group audience is driving progress and innovation at a global scale. With its regional media properties, TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including sponsoring a piece like this, which will be read by the vast majority of key influencers in the entrepreneurial universe. Find out more here.
Upwork UPWK (NASDAQ)
Description: Mountain View-based Upwork went public on the NASDAQ on October 2. Upwork is a freelancing website, where businesses connect with talented freelancers. Selected investors in Upwork include Citigroup, FirstMark, Kleiner Perkins, New Enterprise Associates, and T. Rowe Price.
Industry: Freelance, Marketplace, Peer to Peer
Founding Year: 1999
Total Equity Funding Raised: $168.8M
# of days it took to IPO: 7214
Valuation at IPO: $1.56B
Closing Price on Date of IPO: 15
Closing Price on 1/9/19: 19.34
Percentage Change: 28.93%
The TechWatch Media Group audience is driving progress and innovation at a global scale. With its regional media properties, TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including sponsoring a piece like this, which will be read by the vast majority of key influencers in the entrepreneurial universe. Find out more here.
Eventbrite EB (NYSE)
Description: San Francisco-based Eventbrite went public on the NYSE on September 19. Eventbrite provides online event planning services. Selected investors in Eventbrite include Global Founders Capital, Sequoia Capital, T. Rowe Price, Tiger Global Management, and Uncork Capital.
Industry: Association, Event Management, Events, Internet, SaaS, Ticketing
Founding Year: 2006
Total Equity Funding Raised: $330.75M
# of days it took to IPO: 4644
Valuation at IPO: $1.75B
Closing Price on Date of IPO: 23
Closing Price on 1/9/19: 30.29
Percentage Change: 31.70%
The TechWatch Media Group audience is driving progress and innovation at a global scale. With its regional media properties, TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including sponsoring a piece like this, which will be read by the vast majority of key influencers in the entrepreneurial universe. Find out more here.
Pivotal PVTL (NYSE)
Description: San Francisco-based Pivotal went public on the NYSE on April 20. Pivotal is a software company that provides digital transformation technology and services. Selected investors in Pivotal include EMC, Ford Motor Company, General Electric (GE), Microsoft, and VMware.
Industry: Big Data, Cloud Computing, Enterprise Software, PaaS, Software
Founding Year: 2013
Total Equity Funding Raised: $1.7B
# of days it took to IPO: 1845
Valuation at IPO: $3.8B
Closing Price on Date of IPO: 15
Closing Price on 1/9/19: 17.5
Percentage Change: 16.67%
The TechWatch Media Group audience is driving progress and innovation at a global scale. With its regional media properties, TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including sponsoring a piece like this, which will be read by the vast majority of key influencers in the entrepreneurial universe. Find out more here.
Spotify SPOT (NYSE)
Description: Stockholm-based Spotify went public on the NYSE on April 3. Spotify is a commercial music streaming service that provides restricted digital content from a range of record labels and artists. Selected investors in Spotify include DST Global, Founders Fund, Goldman Sachs, Tencent Holdings, and Tencent Music.
Industry: Cloud Computing, Music, Music Streaming, Video Streaming
Founding Year: 2006
Total Equity Funding Raised: $1.08B
# of days it took to IPO: 4281
Valuation at IPO: $29.5B
Closing Price on Date of IPO: 147.92
Closing Price on 1/9/19: 117.48
Percentage Change: -20.58%
The TechWatch Media Group audience is driving progress and innovation at a global scale. With its regional media properties, TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including sponsoring a piece like this, which will be read by the vast majority of key influencers in the entrepreneurial universe. Find out more here.
Zuora ZUO (NYSE)
Description: San Mateo-based Zuora went public on the NYSE on April 12. Zuora allows businesses to quote, order, bill, recognize revenue, report, and automate the entire customer lifecycle from a single platform. Selected investors in Zuora include EquityZen, Greylock Partners, Index Ventures, Marc Benioff, and Redpoint.
Industry: Billing, Developer APIs, FinTech, Payments, SaaS
Founding Year: 2007
Total Equity Funding Raised: $242.5M
# of days it took to IPO: 4119
Valuation at IPO: $1.45B
Closing Price on Date of IPO: 20.6
Closing Price on 1/9/19: 19.88
Percentage Change: -3.50%
The TechWatch Media Group audience is driving progress and innovation at a global scale. With its regional media properties, TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including sponsoring a piece like this, which will be read by the vast majority of key influencers in the entrepreneurial universe. Find out more here.
