VC-Backed IPO Shortlist
2019 was a mixed bag for tech IPOs. While results of some offerings showed the pent-up demand for the SaaS and IaaS industries, others demonstrated the skepticism towards money losing business models. Beyond Meat, 10x Genomics and Zoom were among the success stories, while SmileDirectClub, Uber and WeWork faltered. The latter paused the IPO market in the second half of 2019, and despite see-sawing marketing conditions, companies are eyeing the public waters, learning from 2019 missteps. Key market risks still lurk though, as fears of a global recession and the U.S. presidential election cycle weigh on companies’ willingness to go public. In this article, we’ve outlined company-specific factors we believe will affect IPOs and direct listings and the candidates seeking to go public in the near term.