• Sun. Aug 7th, 2022

Biggest tech IPOs of 2021

Byaijaz

Dec 15, 2021

The 2020 calendar year will long be remembered as an annus horribilis for most, except for a handful of technology companies that reaped the rewards of a global shift to remote work with successful initial public offerings (IPOs).

US companies alone raised a record $435 billion in stock sales in 2020, with more than a quarter of that figure coming from IPOs — far outstripping 2014’s mark of $279 billion, according to data compiled by Bloomberg. The vast majority of those new listings defined themselves as technology companies.

Cloud-based software firms like Zoom, Snowflake, Asana, Airbnb, and Palantir all performed particularly well, and continue to see their stock price flourish as remote work and e-commerce continue to be the norm for many in 2021.

The question now is whether this trend will until the end of the year. There were a host of companies eying a debut in 2021 to take advantage of favorable conditions. But, as with all market debuts, timing matters, with a number of industry analysts worried at the beginning of 2021 about a bubble.

Here are the biggest technology IPOs of the year so far.

HashiCorp

Open-source software company HashiCorp enjoyed a solid public debut on Dec. 9, where its stock debuted on the Nasdaq above expectations at $80 a share and rose by as much as 10% on the first day of trading. It closed the day at $85, valuing the company at $14 billion.

Founded in 2012 by college friends Mitchell Hashimoto and Armon Dadgar, HashiCorp is best known for its various open-source software products, such as the hugely popular infrastructure-as-code tool Terraform, password-management tool Vault and container-management tool Nomad. The company is based in San Francisco, but is “remote-first” for its 1,500 employees. 

aijaz

Computer Engg Web Site Designer

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