September’s (Likely) IPO Spree: The Information’s Tech Briefing
News that Airbnb will file to go public by the end of this month is the latest sign that the post-Labor Day period may see a spate of high profile tech IPOs. Both Palantir and Snowflake have reportedly filed confidentially to go public, while Asana is also said to be planning a public debut this year.
Executives at all these companies are likely watching the strong performance of tech IPOs that have occurred in the past couple of months. Check out insurance tech firm Lemonade, which sold shares in an IPO at $29 in early July. Those same shares now fetch more than $60. Or ZoomInfo, which went public in early June at $21. Its shares are now $39.