These tech startups are IPO candidates to watch in 2017 by Biz Carson on Jan 2, 2017, 12:41 PM Advertisement
2016 saw a dry spell for tech IPOs, but investors are already counting on 2017 to turn the tides. Already, startups like AppDynamics and Snapchat have filed to go public in the new year. And our sources tell us there are many more in the pipeline. Here's a look at which tech startups are IPO candidates to watch in 2017. SEE ALSO: The 27 best startups that launched this year AppDynamics IPO chances: Already filed OK, this one is a bit of a gimme. AppDynamics filed on Dec. 28 to go public in the new year. It made a name for itself in a field called "application performance monitoring." It watches extremely large and complicated software apps to give companies feedback on how those apps are behaving. They use AppDynamics to fix problems and to gain insight into what their customers are doing with their apps. The company is seeking to raise $100 million in the deal, and it’s looking to trade on the NASDAQ Global Select Market under the symbol APPD.
Snap Inc. IPO chances: Very likely Snap Inc.'s IPO is already drawing comparisons to Facebook's. Going public is likely, as the company has already chosen Morgan Stanley and Goldman Sachs as its bankers. In November, Snapchat's parent company also confidentially filed its paperwork. Look for an IPO as early as March for the company.
HotelTonight IPO chances: Likely HotelTonight reversed its course in 2016, laying off 20% of its staff after burning millions a month. Now, the company is profitable and its CEO has set his sights on another goal: going public. In an interview with Bloomberg, HotelTonight's CEO Sam Shank said that he wants to take the company public, possibly by late 2017. Sources familiar with the company told Business Insider that they also expect it to go public in the next year.
See the rest of the story at Business Insider |
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