Highly anticipated Upcoming IPOs to watch


Due to Covid 19 pandemic IPO market is slow down and many companies draw back their plan to launch IPO in first half of 2020.

Now in the start of 2021 many companies mostly Tech startups are going to offer IPO with attractive valuation. On average most of IPO gives attractive returns.  

Here’s a list of the most highly anticipated IPOs of 2021.

Better.com

Better.com, the home lending service that advertises no lender fees or commissions, is said to be considering an IPO in 2021 after starting talks with Morgan Stanley and Bank of America. Reports in November 2020 noted the company could file its Securities and Exchange Commission paperwork as soon as January.

Better.com’s latest round of fundraising brought in $200 million, and the company was valued at $4 billion. Launched in 2016, Better Mortgage was founded with a mission similar to so many recently founded companies: To upend an industry that’s gone mostly unchanged for decades. Better.com claims to bring transparency, speed and lower costs to the home-buying process.

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Bumble

Dating app Bumble has reportedly swiped right on Citigroup, Morgan Stanley and Goldman Sachs to help lead it to an IPO in 2021. Bumble has set itself apart from other dating apps by requiring women to make the first connection with a possible match, but it’s grown beyond just this service. Now, users can find friendship and career connections in addition to romantic connections.

Reports from November 2020 indicated the company could seek a valuation as high as $8 billion in an IPO, which could come as early as the first quarter of the year.

Coinbase

Coinbase has emerged as a user-friendly way to trade cryptocurrencies, distilling what was once a collection of highly complicated tasks into a streamlined, in-app service. Users can buy cryptocurrencies in fiat money or trade their holdings in one cryptocurrency (like Bitcoin) for another (like Litecoin).

Talk of a Coinbase IPO first emerged in July 2020 when Reuters published a report with sources who said the company had started making plans to go public in late 2020 or early 2021. However, Coinbase has still given no public indication confirming the reports and has yet to file any IPO-related paperwork with the SEC.

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Cole Haan

Shoemaker Cole Haan has over 90 years of experience in consumer goods, weathering the greater part of the 20th century’s ups and downs.

Over the last few years, the company has invested $100 million into digital innovation to remain relevant in the quickly evolving retail space. However, the timing of Cole Haan’s IPO is up in the air. The company delayed its IPO during the market turmoil of early 2020 and has yet to announce when it might go public. When it comes time to list, though, it’s hoping to raise $100 million.

Compass

Real estate brokerage Compass has made a name for itself by pairing traditional brokerage services with innovative technology, billing itself as the “first modern real estate platform.” But Compass offers more than just lofty marketing speak. In 2019, it acquired artificial intelligence and machine learning company Detectica to further enhance its AI-driven home recommendation services.

Talk of a Compass IPO started back in 2019 when CEO Robert Reffkin said an upcoming IPO was “likely,” though the company didn’t take any further official action. However, Compass currently has a job posting for an associate general counsel for securities, and Glassdoor employee reviews reveal a “pre-IPO” excitement at the company.

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DataBricks

DataBricks may not be a household name, but the software the company has created is used by Microsoft (also an investor), HP, Comcast and Regeneron Pharmaceuticals, just to name a few. DataBricks claims to “make big data simple” by streamlining the tools used to analyze that data.

News broke of the company’s potential IPO in October 2020, when reports showed the company was in the early stages of discussing going public, and that an IPO could come in the first half of 2021.

In October 2019, DataBricks raised $400 million in funding and was valued at $6.2 billion.

DoubleDown Interactive

South Korea’s DoubleDown Interactive, which develops and publishes digital social casino games and has an office in Seattle, originally filed its paperwork with the SEC to offer American depositary shares in the U.S. market in June. The company boasts it was the first social casino publisher and has been among the top 20 grossing mobile game publishers in the Apple Store since 2015. However, on July 1, the company announced it had postponed its IPO, and did not indicate when it might move forward.

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GitLab

GitLab (not to be confused with Microsoft-owned competitor GitHub) has been open about the possibility of going public for years, and once even had a specific date in mind. However, the company has since removed that date from its website, stating that the strength of its business model gives it “latitude in selecting a favorable public offering environment and not be beholden to a specific date.”

For now, it’s a waiting game. But for those keeping an eye on GitLab, reports from late November 2020 showed a secondary share sale valued the company at $6 billion, up from $2.7 billion in 2019.

Instacart

The pandemic has undoubtedly reshaped consumer behavior. When Americans aren’t ordering delivery from their favorite takeout restaurant via DoorDash, they are getting their staple groceries delivered from their favorite grocery stores via Instacart.

In a June 11, 2020, blog post, Instacart said it had experienced an “unprecedented surge in customer demand” for its services, leading the company to double its workforce of shoppers to about 500,000. Following this demand, Instacart raised $225 million, bringing its current valuation to $13.7 billion.

Instacart CEO Apoorva Mehta said in an interview with CNBC in May 2019 that he expects the company will eventually prepare for an IPO, but it has yet to file any official paperwork with the SEC regarding a move to go public.

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Nextdoor

Neighborhood-based social media app Nextdoor has always been on a mission to promote neighborliness, but its strategy has been particularly effective during the pandemic: In the first quarter of 2020, during the onset of coronavirus-induced lockdowns, daily active users increased by more than 50% in each of the rural, suburban and urban areas it tracks.

Now, reports indicate the company is considering going public — possibly in 2021 — with a potential valuation between $4 billion and $5 billion, though this hasn’t been confirmed by the company.

Petco

Petco officially filed its form S-1 with the SEC on Dec. 3, 2020, but did not provide any further information on share price or a possible IPO date. It did, however, share its ticker: the highly apropos WOOF.

The filing showed revenue of $3.58 billion in the 39 weeks ended Oct. 31, 2020, and also indicated the number of households with pets in the U.S. is expected to have increased by 4% by the end of 2020.

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Robinhood

Stock-trading commissions were largely eliminated by major online brokers last year, which may have diluted the appeal of free-trading app Robinhood. But the app continues to add users in large numbers, and CEO Baiju Bhatt has said the company, with a valuation north of $7.5 billion, does indeed intend to go public.

However, Robinhood has not yet presented a timeline or public filing, and given its slew of recent app outages during major market moves, it’s unclear when the company may do so.

UiPath

UiPath specializes in robotic process automation and sports the tagline “we make robots so people don’t have to be robots.” The goal? Let users configure computer software to automate processes that have historically been done by humans, from finance and banking operations to processes in the telecom, manufacturing and insurance industries.

Reports from September 2020 suggest the company could be valued at more than $15 billion, and that the company is looking to hire IPO underwriters for a potential 2021 IPO.

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