Weekly Update #190: An active week for late-stage tech

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Hello Investors,

An active week for late-stage tech

In last week's email, we mentioned that Mulesoft's pending IPO (slated for March 16th) would likely propel other unicorns to tap the public markets.

Since then, Mulesoft has increased its IPO price range (from $12-$14 up to $14-16), and we've seen a flurry of IPO-related activity in the sector:

Of course, companies can still pull their listing before trading (even Mulesoft can do this the day before trading, should they feel so inclined). Nothing's certain, but it appears that 2017's tech IPO activity will likely surpass the dismal 2016 numbers we saw.

Phil Haslett
Founder + Head of Investments, EquityZen


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