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> meanwhile all major tech-related IPOs seem to be about 10B. I have some notable counters to that premise. Square, $31.3 billion market cap. At IPO ~$5 billi
by adventured 8y ago
> meanwhile all major tech-related IPOs seem to be about 10B.
I have some notable counters to that premise.
Square, $31.3 billion market cap. At IPO ~$5 billion.
Shopify, $27.8 billion market cap. At IPO ~$3 billion (already 9x after four years).
Splunk, $20 billion market cap. At IPO ~$5 billion.
Palo Alto Networks, $23.7 billion market cap. At IPO ~$5 billion.
Fortinet, $15.8 billion market cap. At IPO $1.5 billion.
ServiceNow, $50.3 billion market cap. At IPO ~$4.5 billion.
Atlassian, $26.5 billion market cap. At IPO ~$6.5 billion.
Twilio, $16.5 billion market cap. At IPO ~$4.5 billion.
Zendesk, $9.3 billion market cap. At IPO ~$1.7 billion.
Salesforce.com, $127 billion market cap. At IPO ~$3 billion. It hit 15x in about the same time as Tesla.
Netflix, $167 billion market cap. At IPO... a couple hundred million dollars. It hit 15x in eight years. This and CRM reach back a ways now, however you still could have easily purchased NFLX for sub $10 / share as recently as 2012.
And there are a bunch of tech-related companies that may yet produce 15x style net post IPO returns in the coming years. Such as HubSpot, which has a $7.6b market cap, versus ~$1.2b at IPO in 2014. Could have picked up ETSY at $7 / share (sub $900m market cap) well after its IPO, now $68 ($8.1b market cap).