A Hot Year’s Guide to Tech Startup IPOs in New York
A mixture of factors contributed to the local IPO push. Venture capital funding has been constantly increasing for New York-based startups in recent years. It helped build a stable market-ready tech companies when stocks caught fire last year and the The IPO market started to party like in 1999.
Many New York startups that have benefited from it have offered digital services to sectors severely disrupted by the pandemic and remote working.
“Fintech, insurtech and proptech startups are offering digital services to modernize legacy industries traditionally concentrated in New York City,” said Mark Schwartz, head of IPO and SPAC capital markets advice at EY.
After-sales service slowed down, but the IPO market has stayed warm-with more New York businesses on the way. Biometric startup Clear is expected to debut on the New York Stock Exchange next week. Warby Parker and Rent the Runway are reportedly considering going public this year.
Here’s a list of New York-based tech companies to hit the public markets this year, with market capitalization data as of noon Friday:
What he does: software that helps businesses interact with customers online
HQ: 29 W. 35th St.
Start: June 23 on the New York Stock Exchange, via IPO
Market capitalization: $ 3.7 billion
Midtown Sprinklr startup seeks $ 360 million to kick off a busy summer for IPOs
5 things to know about Sprinklr, the $ 3 billion Midtown startup preparing for an IPO
What he does: online marketplace for buyers and sellers of antiques and luxury goods
HQ: 51 Astor Square
Start: June 10 on the Nasdaq, via IPO
Market capitalization: $ 883 million
Luxury e-trader 1stDibs shares rise for market debut
Doubleclick leader helps capitalize Covid’s digital shift for luxury goods
Zeta Global Holdings
What he does: cloud based marketing software
HQ: 3 Avenue du Parc.
Start: June 10 on the New York Stock Exchange, via IPO
Market capitalization: $ 1.6 billion
What he does: phone compatible smart locks for residential and office buildings
HQ: 508 West 26th St.
Start: June 7 on the Nasdaq, via the SPAC agreement
Market capitalization: $ 1.8 billion
Tishman Speyer clings to $ 1 billion deal as Goldman warns of SPAC bubble
Smart-Lock Latch startup secures funding and customers but raises concerns
Original Bark Co. (Box of bark)
What he does: dog subscription boxes with toys and treats
HQ: 221 Canal Street
Start: June 2 on the New York Stock Exchange, via a SPAC agreement
Market capitalization: $ 1.7 billion
Cat and dog lover startups explode during pandemic
What he does: video hosting services and editing tools for businesses
HQ: 555 West 18th St.
Start: May 25 on Nasdaq, via spin-off of parent company IAC
Market capitalization: $ 7.4 billion
Revamped Vimeo Transforms Into NYC’s Newest Public Tech Company
What he does: website hosting and personalization for businesses and consumers
HQ: 225 Varick Street
Start: May 20 on the New York Stock Exchange, by direct listing
Market capitalization: $ 8.7 billion
Squarespace bounces back from a rocky start in the public market
Squarespace Hits $ 10 Billion Valuation in Final Round of Funding Before IPO
What he does: automation software for businesses
HQ: 90, avenue du Parc.
Start: April 21 on the New York Stock Exchange, via IPO
Market capitalization: $ 35 billion
UIPath IPO Filing Highlights Increased Revenue, Reduced Losses
New York startups run a billion dollar industry creating software to automate repetitive tasks in the workplace
What he does: residential real estate services company
HQ: 90 Fifth Ave.
Start: April 1 on the New York Stock Exchange, via IPO
Market capitalization: $ 5.6 billion
Compass backed by SoftBank halves IPO size
Compass files supported by SoftBank for IPO
What he does: cloud hosting services for tech startups
HQ: 101 Sixth Avenue.
Start: March 24 on the New York Stock Exchange, via IPO
Market capitalization: $ 5.3 billion
Start-up DigitalOcean seeks $ 5 billion valuation when it goes public
What he does: software to order food online
HQ: 1 World trade
Start: March 17 on the New York Stock Exchange, via IPO
Market capitalization: $ 5.4 billion
Manhattan food ordering company Olo seeks $ 300 million for IPO
Grubhub’s competitors now on the menu
What he does: Affordable Care Act market-driven technology-based health insurance
HQ: 75 Varick Street
Start: 3rd of March on the New York Stock Exchange, by IPO
Market capitalization: $ 4.7 billion
Oscar’s earnings skyrocket, but they keep losing money
Stocks of insurer Oscar Health tumble after $ 1.4 billion IPO