Weekly Update #190: An active week for late-stage tech
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:
- NY-based Yext filed for IPO
- Identity management startup Okta filed for IPO
- Hadoop software company Cloudera reportedly confidentially filed IPO paperwork
- MapR (also a Hadoop company) is reportedly planning to list for an IPO in 2017
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 most certainly surpass the dismal 2016 numbers we saw.