5 Technology IPOs You Need to Follow This Year
We saw Blue Apron, Roku, and Snapchat all go public last year. Some struggled and some kicked ass but it was dramatic either way. Here are a few companies you need to pay attention to in 2018.
The cloud-based storage company went public last month, earning somewhere in the region of $750 million and a valuation of $8.25 billion. Now operating under the stock ticker “DBX”, Dropbox is ready to take on the bigger players in the cloud storage space: the Apples, Amazons and Microsofts of the world.
This is one for the watchlist. Xiaomi is the stylish smartphone maker from China that could give Apple a run for their money when it comes to design. The IPO is going to be led by Goldman Sachs, and the company is valued at around $100 billion. The tech company’s profits are expected to soar in 2018 and you’ll want to keep an eye on this one.
Strictly speaking this isn’t an IPO but we couldn’t resist. Spotify went public this month in a non-IPO, in that the shares were allowed to be sold directly rather than using a traditional middleman like an investment bank. The music streaming giant operates at a loss and no one knows if they will ever come true on their potential but that’s what people were saying about Amazon as well.
Digital signature is a viable business, who knew? Docusign is a tech company boasting revenues of more than half a billion dollars in 2017 and the company has actually filed for a $100 million IPO in 2018. They will trade under the ticker “DOCU” and will hope to grow their subscription-based business even further in the coming year.
Funny thing, even though Docusign sounds like a new-age tech company, they’ve actually been around for 15 years. However, having posted losses in the last two fiscal years, they are more like newer tech companies than they would like.
The largest for-profit genealogy company in the world filed for an IPO in 2017 but it was since delayed. According to the MIT technology review, Ancestry.com has over 7 million customers and is valued at $2.6 billion by investment firm Silver Lake. The company expected to make $1 billion in revenues in 2017 and it wouldn’t be surprising to see this company make true on their IPO promises of last year.
Keep an eye on these big players in 2018. If you are feeling adventurous maybe plunk down some cash for shares and see who takes off.