Apart from a couple high profile exceptions, 2016 was a quiet year for tech IPOs. But as industry tracker CB Insights forecasts the landscape of potential public tech companies for 2017, it’s found a couple trends that could point to a busier 2017 — and a big year for venture firm Andreessen Horowitz.
Among the 369 companies that CB Insights identified this year as strong candidates on the IPO pipeline for 2017, no investors had more companies on the list than Andreessen Horowitz’s VCs with 17, or more companies in the group valued at $1 billion or more. Andreessen Horowitz typically got into the deals at the Series A stage, then Series B and seed stages. Another relatively new investing group would’ve had even more, however, if not for its parent company’s organizational structure. GV (formerly known as Google Ventures) would be atop the list if combined with CapitalG, Alphabet’s growth stage shop.
Notable companies flagged as IPO candidates for 2017 include Blue Apron, MuleSoft, Qualtrics, Snap and Vice. The 369 companies have raised a combined $86.2 billion, predominantly in California (205) followed by New York (54) and Boston (21).
“We thought 2016 would be a strong year for offerings and that didn’t turn out to be the case,” says Matthew Wong, lead writer of the report. “There was Brexit, and maybe companies waiting out the election and the election results.” [ Forbes ]