While tech offerings have made up the bulk of IPOs in recent years, a batch of New York companies are expected to pull the trigger soon. In a market where staying private is the new going public, tech can’t live without IPOs, especially following surges of mega funding rounds in 2014. As mega rounds cumulated, so did billion-dollar valuations, and the possibility of exits became a little more probable for these New York tech companies.
AppNexus’s cloud-based software enables and optimizes programmatic online advertising. Thus far, the company has raised $288.2M in private investment, including $25M from WPP, the world’s largest ad agency holding company. The last round of funding was held in April 2015 when the company raised $62.7M at an undisclosed valuation. The company has also made three acquisitions to further grow its ad tech platform.
Vice, the media company shaking up millennial news (and valued at $2.5B to boot), is definitely eyeing an IPO. With $1B in revenue and hockey stick growth, Vice would be a unique media company to go public. With the company’s hefty investments from media giants like 21st Century Fox and A&E Television Networks, and a $250M funding round from September 2014, an exit could be in the cards.
Outbrain is a content recommendation platform that has been expected to file an IPO since last year when it filed with the US Securities and Exchange Commission (SEC), seeking preliminary approval to list on the Nasdaq. The company also recently appointed former AVF Technologies CTO, Yuval Ben-Itzhak to oversee its imminent IPO process.
Sprinklr is an enterprise social media management company. The company has raised $123.5M in private investment and has made 7 acquisitions, including TBG Digital, one of Facebook’s largest ad-buying clients. Sprinklr’s CEO, Ragy Thomas, is also known for wanting to build a $10B company and not-so-subtly eyeing the IPO pipeline.
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