Investors have shown a hearty appetite for the stocks of tech companies like Snowflake and Zoom Video Communications that cater to business customers. Get ready for more of them to go public soon.
The coming months are likely to see a flurry of new companies in the category—broadly referred to as enterprise software—making their public market debut through initial public offerings and direct listings. All the companies will be hoping to take advantage of the generally positive mood among investors for companies that help businesses modernize their operations with the latest technology. Five leading candidates to go public soon or file paper work to do so, according to people who follow the category closely, include Samsara, Confluent, HashiCorp, Databricks and UiPath (which filed confidentially a few months ago to sell shares).