2017 was a landmark year for initial public offerings (IPOs) as several companies went public, raising billions of dollars in the process. The year saw a significant increase in the number of tech companies going public, which was a major driver behind the surge in IPOs. The demand for tech stocks was high among investors, and the strong performance of tech companies that had gone public in previous years only added fuel to the fire.companies that had their ipo in 2017.
In this article, we take a closer look at some of the most notable companies that had their IPOs in 2017, exploring their background, performance, and impact on the market.
Dropbox, the cloud-based file-sharing and storage company, was one of the most highly anticipated IPOs of 2017. The company was founded in 2007 by Drew Houston and Arash Ferdowsi, and by the time it went public, it had over 500 million registered users and a valuation of over $10 billion.
The company’s IPO was priced at $21 per share and raised over $756 million. At the time, the company was facing intense competition from other cloud storage providers such as Google Drive and Microsoft OneDrive, but Dropbox was able to differentiate itself by offering a simple, user-friendly interface and a robust set of collaboration tools.companies that had their ipo in 2017.
In the years since its IPO, Dropbox has continued to grow and expand, acquiring several companies to enhance its offerings and improve its competitiveness. The company has also been successful in monetizing its user base, generating over $1.7 billion in revenue in 2020.
Cloudera was another notable tech company that went public in 2017. The company was founded in 2008 and provided a platform for data management, machine learning, and analytics.
The company’s IPO was priced at $15 per share and raised over $225 million. Despite being a relatively young company at the time, Cloudera was able to secure a strong following among enterprise customers and was seen as a leader in the emerging big data market.
However, the company struggled to maintain its momentum in the years following its IPO, as the big data market became increasingly competitive. In 2019, Cloudera merged with competitor Hortonworks in an effort to stay ahead of the curve, but the company has faced challenges in maintaining its market position.companies that had their ipo in 2017.
MuleSoft was another tech company that went public in 2017, specializing in integration and management of APIs (Application Programming Interfaces). The company was founded in 2006 and had a strong reputation in the enterprise market, serving over 1,000 customers at the time of its IPO.companies that had their ipo in 2017
The company’s IPO was priced at $17 per share and raised over $221 million. MuleSoft’s success was due in part to its focus on helping organizations integrate their disparate systems and data sources, a growing challenge in the digital age.
Since its IPO, MuleSoft has continued to thrive, and in 2018, the company was acquired by software giant Salesforce for $6.5 billion. The acquisition was seen as a validation of MuleSoft’s position in the market and its potential for future growth.companies that had their ipo in 2017.
- Stitch Fix
Stitch Fix was one of the few non-tech companies to go public in 2017, and it was also one of the most successful. The company is an online personal styling service that uses data and algorithms to provide custom clothing recommendations to its customers.