Biggest tech IPOs of 2021


The 2020 calendar year will long be remembered as an annus horribilis for most, except for a handful of technology companies that reaped the rewards of a global shift to remote work with successful initial public offerings (IPOs).

US companies alone raised a record $435 billion in stock sales in 2020, with more than a quarter of that figure coming from IPOs — far outstripping 2014’s mark of $279 billion, according to data compiled by Bloomberg. The vast majority of those new listings defined themselves as technology companies.

Cloud-based software firms like Zoom, Snowflake, Asana, Airbnb, and Palantir all performed particularly well, and continue to see their stock price flourish as remote work and e-commerce continue to be the norm for many into 2021.

The question now is whether this trend will continue through the year. There are a host of companies eying an early debut in 2021 to take advantage of favorable conditions. But, as with all market debuts, timing will be everything, with a number of industry analysts increasingly warning of a bubble.

Here are the biggest technology IPOs of the year so far.

Amplitude

Analytics software company Amplitude debuted on the Nasdaq through a direct listing in September — meaning no new shares were sold — following the lead of collaboration software maker Asana last year. (Both share a major investor: Benchmark Capital.)
Shares in the San Francisco-based company opened at $50 and rose by 9% to close at $54.80, valuing the company at about $7 billion. Amplitude specializes in product analytics, which helps businesses track visitor behavior to their digital products so that they can be measured and optimized. At the time of its IPO, Amplitude counted companies like Ford, Walmart and Atlassian as customers.



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