Data Point

Despite Flurry of Activity, Software IPOs to Fall Short of 2019 Numbers

The last week has seen a flurry of subscription software companies filing to go public in the last few months of the year, hoping to cash in on the booming stock market and rich valuations accorded the software sector. But thanks to the drought in initial public offerings, brought on by the pandemic, this year’s total of software IPOs is likely to fall well short of last year’s. 

As of Aug. 27, 31 software IPOs had raised $11 billion this year, but six more companies have filed to go public in recent days—Snowflake, Sumo Logic, Unity, and JFrog plan an IPO, while Palantir and Asana have filed for direct listings. That suggests the year will end with 37 companies going public, although only 35 will raise money as part of their public debuts. The total amount raised by this year’s IPOs could be $14.2 billion, based on our estimate for the coming IPOs.

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
The Briefing
The Role of Tech Founders in Stock Performance: The Information’s Tech Briefing
The Role of Tech Founders in Stock Performance: The Information’s Tech Briefing

Are founder-led firms necessarily better bets for investors than those led by managers? An article on Reuters concluded as much, reporting that “Major founder-led tech firms have seen their share prices double so far this year, comfortably beating a 7.8% gain for the S&P 500 index” and also doing better than those led by hired hands. The report focused on Netflix, Amazon and ...

Latest Briefs
 
Pakistan Lifts TikTok Ban After 10 Days
Neumann Didn’t Get Full $185M “Consulting” Payout, WeWork Exec Says
HeadSpin Under Investigation by DOJ, SEC for Financial Misrepresentations 
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
SPAC Pioneer Is Vindicated by Boom, Even as Bigger Banks Take Over Market
Markets
SPAC Pioneer Is Vindicated by Boom, Even as Bigger Banks Take Over Market
David Nussbaum has been waiting for this moment for 30 years. The 66-year-old banker helped pioneer the concept of special purpose acquisition companies—cashed-up, empty corporate shells looking for businesses to buy—in the early 1990s.
New Amazon Data: Retailer Wins Sales While Losing to Merchants on Listings
Data Point Policy E-commerce
New Amazon Data: Retailer Wins Sales While Losing to Merchants on Listings
Just 1% of the vacuum cleaners, immersion blenders and other household products listed on Amazon last year were sold by the retailer, with the rest coming from other merchants who use its platform.
New Data Show Reality Behind Self-Driving Truck Startup’s Funding
Exclusive Venture Capital Startups
New Data Show Reality Behind Self-Driving Truck Startup’s Funding
TuSimple, a prominent developer of self-driving semitrailer trucks that is worth more than $1 billion on paper, said last fall it had secured funding of $215 million from investors.
Apple Unveils 5G Phones: The Information’s Tech Briefing
The Briefing
Apple Unveils 5G Phones: The Information’s Tech Briefing
Apple brought all its usual marketing hyperbole to today’s unveiling of its latest iPhones, with breathless exclamation for new colors, chip speed and the ceramic cover that Apple promises will be less breakable.
Censorship Drama Engulfs Facebook, Twitter: The Information’s Tech Briefing
The Briefing
Censorship Drama Engulfs Facebook, Twitter: The Information’s Tech Briefing
There’s no question that Facebook and Twitter face an extremely difficult task in trying to keep misinformation from polluting their networks, particularly now, in the weeks before the election.
Cover Wall Street for The Information!
jobs@theinformation
Cover Wall Street for The Information!
If you’re interested in how the capital markets work, and you love the tech industry, The Information has a job for you.