2021: the biggest tech IPOs

2021 was not the year of the major IPOs. The malaise mainly affected the Netherlands. After Coolblue, Mirage Retail Group also put its planned IPO in Amsterdam on hold for the time being.

Due to the erratic market conditions, it was not smart to apply for a stock exchange listing, according to the parent company of Blokker, BCC and Intertoys. The early closing time of the shops contributed mainly to this. That will save the company a lot of turnover.

In mid-October, Coolblue also announced that it would postpone its planned IPO due to the uncertainty in the financial markets. According to CEO Pieter Zwart, investors were hesitant about IPOs in the web store industry.

Nine years ago, Ahold Delhaize bought online store Bol.com for 350 million euros. With a turnover of 5.5 billion euros, the parent company now thinks it is time for an IPO. The subsidiary may be listed on the Damrak in the second half of 2022.

Last year in the US there was every month a tech IPO, but it was largely about companies that mainly operate on the local market.

The company behind the first female-specific dating app Bumble went public in February at a valuation of $8.2 billion. The IPO made CEO Wolfe Herd the youngest woman to list a company at the age of 32.

Founded in 2004 by Canadian-American businessman David Baszucki, Roblox is now one of the most popular gaming and communications platforms with over 164 million monthly active users. The company went public in March via a so-called direct listing. No new shares are put on the market, but existing shareholders can convert their shares into cash through the new listing. The market capitalization of Roblox is about $30 billion.

The IPO of the well-known crypto trading platform Coinbase was perhaps the largest of the year with a valuation of $86 billion. Investment app Robinhood followed in July, but has to settle for a valuation of 32 billion.

Founded in 2010 by Silicon Valley veteran Girish Mathrubootham, as a competitor to Salesforce and Zoho, Freshworks is the first Indian SaaS company to be listed on the US screens exchange NASDAQ. The company is valued at $10 billion.

The coding platform GitLab of Ukrainian hacker Dmytro Zaporozhets, who initially worked from a house without running water, went public in October for $11 billion. The platform has 1,200 employees in 65 countries.

The recent IPO of the American news channel BuzzFeed turned out to be a setback. The stock was down 11 percent on the first day.

Last of a series of articles on tech in 2021

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Source: Nieuws – Emerce by www.emerce.nl.

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