With so many tech companies thriving to go public, 2011 may go down as the year of the tech IPO. LinkedIn's IPO at the beginning of the year was the biggest Internet IPO since Google's debut in 2004. It sent investors into a frenzy, with prices opening around $80 and soaring to around $120 during its first day of trading.
LinkedIn's IPO underlined the success of social media sites on IPO front. After the success of LinkedIn, it is reported that around 22 companies are in the tech IPO pipeline for 2011.
Let's dig out the top five Tech IPOs sensations of 2011 that are either filing or looking to go public.
Facebook potential valuation is creating a lot of buzz, even though the social networking site has not divulged any information about its initial public offering. Potential investors and industry analysts are hoping it to be the largest and most interesting IPO since Google went public. Facebook reportedly is looking at a valuation of more than $100 billion.
Many analysts are expecting that the networking giant is planning an IPO later this year.
Groupon
Groupon is the fastest growing company which is huge and profitable. Groupon, the online coupon company, is seeking an IPO before the end of the year at a $20-25 billion valuation.
Skype
Skype surprised everyone by filing to go public late last year. The Internet calling giant had a potential IPO on file when Microsoft acquired the company for $8.5 billion on May. Therefore, it cancelled its IPO to clear the way for Microsoft sale.
Speculation and rumors about a possible Twitter IPO are rampant. Twitter has not revealed any plans of going public anytime soon, yet the microblogging site is being valued for as much as $7 billion. Twitter's value almost increased significantly since December, when it got $200 million investment piloted by Kleiner Perkins Caufield & Byers that valued the company at $3.7 billion.
Nevertheless, the buzz of Twitter going public may turn into reality even if $7 billion does seem a bit high to some analysts.
Zynga
Social gaming company Zynga filed for a $1 billion IPO in beginning of July. Zynga, which has introduced strings of popular games on Facebook including FarmVille and Mafia Wars, enjoys more than 215 million monthly active users. Many investors are hoping Zynga's IPO to surpass LinkedIn's because of its consistent revenue stream.
Pandora
The determination of founder Tim Westergren, has finally paid off with a $235 million IPO last month. Pandora, the online radio company, enjoys 80 million users who access music in vehicles, on phones, and at home. The company has built a huge and fast-growing business in the category of online music.
With plenty of companies filing and looking to go public, it remains to be seen who will be the winner in this latest round of tech IPOs.
ITVoir NewsDesk
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