IPOs that Struck Gold in 2017!

If you think of companies as having an identical trajectory to a plant development, beginning with seed level to growth, getting an initial public offering (IPO) is similar to getting fruits on your crops. It holds companies to an increased standard of accountability -- for financial disclosure, planning and providing to plan, and even tactical planning.

Don’t worry, I’m not going to bore you with the ‘How tos’ and ‘to-dos’. Today, I’ll just point out the biggest IPOs of 2017 (Without being Judgemental)

Here are the top 5 IPO’s of 2017

Startups that stood out for their capital efficiency generally hailed from the tech sector. I’ve measured them using a valuation to invested capital ratio.

Valuation to Invested Ratio (VIC) = Post Exit Valuation divided by the total funds raised (Venture + Seed)

StitchFix

What do they do: The San Francisco-based startup selects clothing for women and men by harnessing data science and an army of human stylists

Founders: Katrina Lake & Erin Morrison Flynn

Total funds raised: $42 million

Post Exit Valuation: $2 billion

VIC: 42.55

Roku

What do they do: Roku pioneered streaming for the TV and a streaming platform that delivers seamless experience to content..

Founder: Anthony Wood

Total funds raised: $209 million

Post Exit Valuation: $4.2 billion

VIC: 20

Okta

What do they do: Okta is the provider of identity for the enterprise. The Okta Identity Cloud connects and protects enterprises around the globe.

Founder: Frederic Kerrest, Todd McKinnon

Total funds raised: $229 million

Post Exit Valuation: $3.6 billion

VIC: 16

MuleSoft

What do they do: MuleSoft makes it easy to connect the world’s applications, data and devices. They provide a software platform that enables organizations to easily build application networks using APIs.

Founder: Dave Rosenberg & Ross Mason

Total funds raised: $259 million

Post Exit Valuation: $3.2 billion

VIC: 13

SendGrid

What do they do: SendGrid is a cloud-based customer communication platform that drives engagement and business growth. SendGrid excels in email deliverability and its proven, cloud-based platform successfully delivers over 30 billion emails each month for Internet and mobile-based customers like Airbnb, Pandora, HubSpot, Spotify, Uber among many others

Founder: Isaac Saldana, Jose Lopez, Tim Jenkins

Total funds raised: $80 million

Post Exit Valuation: $1 billion

VIC: 13

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