2021 saw an all-time high of $453 billion in IPO proceeds, an increase of 67% over the previous year. A significant portion of this expansion was attributed to the regions of Europe, the Middle East, and Africa. In 2021, over 2,300 IPOs were conducted in India and the United States alone. Around 600 tech IPOs raised $147 billion in proceeds by 2021, which is more than twice the amount raised by health care companies combined. In spite of geopolitical tensions and the rise of a new COVID-19 variant, analysts believe that IPO activity will continue in the year 2022.
Insider Monkey highlights the 10 most successful tech IPOs of 2021. SentinelOne, Inc. is a cybersecurity company. It has set itself apart from other cybersecurity companies by commercializing the first XDR platform powered by artificial intelligence. In the third quarter, revenue grew by 128 percent compared to the same period last year. In the semiconductor industry, GlobalFoundries, Inc. is a manufacturer and marketer. A rise in the demand for semiconductors is expected as cars, smartphones, and other electronic devices become more prevalent in people’s daily lives around the world. For the third quarter, AppLovin Corporation reported revenue of $726 million in its earnings release on November 10. In addition, Morgan Stanley raised the stock’s price target to $120 from $87, making the stock an Overweight from Equal Weight. Since its initial public offering in March 2021, shares of Roblox Corporation have become a popular pick among hedge funds. The “metaverse” craze, especially in light of Facebook’s rebranding, has been a major driver of Roblox’s stock price. Early in November, Confluent, Inc. released its third-quarter earnings report. Since last year, revenues have increased by 66 percent to $102 million. The Alibaba Cloud recently signed a data-in-motion agreement with Confluent. For more details, click the 10 Most Successful Tech IPOs Of 2021.