Yes, 2020 was a blockbuster year for initial public offerings (IPO) across the global platform economy, with the likes of Snowflake and DoorDash, amongst a myriad of others debuting.
Based on this, it will be a worthwhile exercise to explore which tech businesses are most likely to have a listing event during 2021. Below is our finalised list of the most significant IPO’s we expect to see during 2021 for companies operating in the sector. We have arranged alphabetically and added assorted notes as and where necessary:
Founded back in 2012 by Tim Fung and Jonathan Lui, Airtasker is a Sydney, Australia-based business operating as an online marketplace for tasks and mini projects. The growing platform enables users describe the task they want completed and indicate a budget for the task. Once submitted the community of users then bid to complete the task.
The valuation for the company is likely to be around the $250 million mark. The thing that makes this notable is the success of other Aussie online marketplaces such as REA Group, Carsales and Seek.
Based out of Hangzou, China is Jack Ma founded company owns China’s largest digital payment platform Alipay, which serves over one billion users and 80 million merchants.
With an ever evolving situation it is easy to read between the lines with Ant Group its IPO and the politics of China and get the situation wrong. Whilst most analysts believe it is unlikely to occur, we do however expect some kind of IPO, or firm announcement of an event to occur between now and the end of the year.
Australian FinTech start-up Beforepay is one of the next-generation short-term lender and budgeting apps out there. The app allows its users to access some of their salary ahead of their employer actually paying you.
With significant member growth we expect a significant IPO to take place sometime this year.
Founded back in March of 2012 by Zhang Yiming, ByteDance Ltd is a Chinese tech business headquartered out of Beijing. ByteDance is reportedly worth over US$100 billion as of May 2020.
ByteDance operates Toutiao, a content platform, along with the video-sharing smartphone apps TikTok and its China-only counterpart Douyin.
As with everything China, geopolitics between the US and China, along with internal politics within China are likely to play a part into whether this one happens, or not. Some analysts suggest it may not happen, however, with the new China-friendly administration of President Joe Biden, the opportunity exists for a limited IPO.
Coinbase, Inc is a San Francisco, California, US-based company founded in June 2012 by Brian Armstrong and Fred Ehrsam.
The company operates Coinbase, which is a digital wallet and payment solution for people to both make and receive payments.
The company offers its solution for Bitcoin, which is a decentralised digital currency along with a number of other crypto currencies. Coinbase also enables users to pay using computer, tablet and smartphone devices.
Additionally, the business offers a variety of merchant tools, such as payment buttons, integrations with shopping carts via an API, along with convenient daily pay-outs for merchants to add Bitcoin as a payment type.
The business has been recently valued at an impressive $28 billion is expected to IPO during this year.
Founded in 2013 as a collaboration between British Intelligence and mathematicians at the University of Cambridge, Darktrace is an AI business that specialises in cyber defence. The company uses AI and ML to detect and take action against cyber-threats across all digital environments, including the cloud and Internet of Things (IoT).
The company is headquartered in Cambridgeshire, UK and California, US and expected to IPO in London with a valuation of $5 billion.
Founded back in 2013 by Ali Ghodsi, Matei Zaharia, Reynold Xin, Ion Stoica, Patrick Wendell, Scott Shenker and Andy Konwinski and estimated to have a valuation of over $6 billion, the data analytics platform business is said to be seeking to IPO sometime in 2021.
We’ll undoubtedly post more about this as and when we learn more specifics.
Deliveroo is one a a number of online food delivery businesses rising to prominence due to the rapid growith in the ‘Sharing Economy’.
Founded in 2013 by William Shu and based out of London, UK, the business operates across the UK, the Netherlands, France, Belgium, Ireland, Spain, Italy, Australia, New Zealand, Singapore, Hong Kong, the UAE and Kuwait.
The Amazon-backed company is said to be valued at some $7 billion.
Founded in 2012, Instacart is an San Francisco-US-based onlnie grocery delivery service operating in the UIS and Canadian markets. The company offers its services via a website and smartphone app. Instacart enables customers to order groceries from retailers with the shopping being done by a personal shopper.
The company is said to be looking towards a valuation of some $30 billion.
Describing itself as the first global modern card issuing platform, this US-based FinTech was founded in 2010 and recently raised $150 million in funding from a single investor at a $4.3 billion valuation.
Founded in 2010 by Romi Savova and Jonathan Lister Parsons, PensionBee is a London, UK-based online pension provider disrupting an otherwise conservative industry. The platform helps its users transfer their old pensions into one new plan, that they can then manage online.
The company is said to have accelerated its IPO plans after experiencing significant growth during the ongoing COVID-19 pandemic.
Founded in 2013, Robinhood Markets is a California, US-based FinTech. The business offers a smartphone app and website that offer users the ability to invest in stocks, crypto and options.
With a valuation of over $20 billion, Robinhood will likely be one of the very top IPO’s of 2021.
Online gaming platform Roblox was founded in 2004 by David Baszucki and Erik Cassel, with the first iteration of the engine being released two years later. The platform allows users to program games and play games created by their fellow users.
The company has recently announced that it will switch from an IPO to a Direct Listing.
Founded in 2006 by Mike Ford and Mike Rogers out of Sydney, Austrsalia, SiteMinder is the hotel industry’s leading guest acquisition platform.
The platform offers cloud-based products including a booking engine, channel manager and a number of other tools.
Founded in 2010, the San Francisco, US-based Stripe is a FinTech business that builds economic infrastructure for the internet. Companies around the world use its platform and code to accept payments and manage their businesses online.
The company is said to be looking for a valuation in the realm of $100 billion, with analysts speculating that the business could be the top IPO of the year.
Founded back in 2009, out of Massachusetts, United States, ‘thredUP’ is the world’s largest fashion resale platform.
The company is backed by Goldman Sach and has filed for an IPO in 2021.
Founded in 2007 by Peter Mühlmann and based out of Denmark, Trustpilot is a community of users who help their fellow consumers choose brands and services. The platform also enabling companies to grow their business via recommendations.
Again, the business is widely expected to have a listing event in 2021.
Currently valued at over $10 billion, UiPath is a New York, US-based software company that develops a platform for robotic process automation.
The company has submitted a draft registration to the SEC for an initial public offering. Further details however are hard to come by.
The team at Platform Executive hope you have enjoyed this news article. Translation from English to other languages via Google Cloud Translation. Commentary by Rob Phillips.
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