List of Upcoming IPOs in 2020–2021 / Part 1

The US initial-public-offering market had a busy time in recent weeks, but it still doesn’t look as good as it could be without the pandemic result. The S&P 500 broad market index has performed extremely well after the rebound which we have seen in March. In this series of articles, I’m going to take a look at the most anticipated IPO’s for 2020/2021, BTW my previous articles about IPOs received helpful feedback from funds and companies. TBH, Initially, I had no idea that it could be very interesting to many people in the industry.

SPX Chart

Gaining almost 42% after the drop, it was the strongest performance in the history of investment.

A new wave of companies is planning to go public this year, hopefully, with more success than some participants from the past(😞 Uber, 😢 Casper, 😕 Lyft). Some of these companies (new have already filed their forms with the US Securities and Exchange Commission (SEC). Others have already filed confidential data with the SEC for their IPO’s. And yet others, so-called unicorn companies (with a private market valuation of over $1 billion) are highly anticipated to come public soon.

For any company from this list, the decision to go public is a major milestone, because almost all companies felt the impact of the pandemic. Most late-stage/growth-stage startups do so to raise money and spread the risk of ownership across a much larger group of investors.

Coursera IPO (N/A)

• Founded Date — 2012 (HQ, Mountain View, CA)
• Founders — Andrew Ng, Daphne Koller

Funding traction, total raised ~$480M

• Series A — 2012 at val. n/a, $.096 pps
• Series B — 2013 at val. $360M, $4.9 pps
• Series C — 2015 at val. $405M, $5.09 pps
• Series D/D1–2017 at val. ~$800M, $7.5 pps
• Series E — 2019 at val. ~$1.3B, $12 pps
• Series F — 2020, at val. ~$2.5B, $17 pps (source)

Gitlab IPO (November 2020)

• Founded Date — 2011 (HQ, SF, CA)
• Founders — Dmitriy Zaporozhets, Sid Sijbrandij

Funding traction, total raised ~$436M + secure deals

• Series A — 2015+ follow up at val. $8.7M, $0.36 pps
• Series B — 2016 at val. $53M (post-money), $0.95 pps
• Series C — 2017 at val. $200M, $1.79 pps
• Series D — 2018 at val. $1.1B (post-money), $8.67 pps
• Series E — 2019 at val. $2.8B, $18.63 pps

At GitLab, Sid Sijbrandij already has a date set: November 18, 2020 (source)

Asana DPO (Forecast September 2020)

• Founded Date — 2009 (HQ, SF, Ca)
• Founders — Dustin Moskovitz, Justin Rosenstein

Funding traction, total raised ~$214M + $200M (debt) + secure deals

• Series A — 2009 at val. $66M, $0.50 pps
• Series B/B1 — 2012 at val. $310M, $2.7 pps
• Series C/C1 — 2016 at val. $600M, $4.26 pps
• Series D/D1–2018 at val. $920M, $5.23 pps
• Series E — 2018 at val. $1.5B (post-money), $8.19 pps (source)

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• Projecting 66% revenue growth this year

• Generated $142 million in revenue last year

• $12 million cash burn in Q2

Update — Software maker Aana is said to pick NYSE for DPO

UiPath IPO (2021)

• Founded Date — 2005 (HQ, NY)
• Founders — Daniel Dines, Marius Tirca

Funding traction, total raised ~$1.22B

• Series A1-A2 at val. $140M (post-money), $0.03 (A1) $0.31 (A2) pps
• Series B — 2018 at val. $1.4B (post-money), $2.70 pps
• Series C — 2018 at val. $3.4B (post-money), $6.38 pps
• Series D — 2019 at val. $7.1 B, $13.12 pps
• Series E — 2020 at val. $10.2 B, $18.59 pps (source)

DoorDash IPO (Forecast Q4 2020/Q1 2021)

• Founded Date — 2013 (HQ, SF, CA)
• Founders — Tony Xu, Andy Fang, Evan Moore, Stanley Tang

Funding traction, total raised ~$2.42B + secure deals

• Series A-A1–2013 at val. $69M, $0.75 (A) and $3.63 (A1) pps
• Series B — 2015 at val. $600M, $28.39 pps
• Series C — 2016 at val. $700M, $23.94 pps
• Series D — 2018 at val. $1.4B (post-money), $27.53 pps
• Series E — 2018 at val. $3.8B (post-money, $69.23 pps
• Series F — 2019 at val. $7.1B (post-money), $112.38 pps
• Series G — 2019 at val. $12.6B, $189.70 pps
• Series H — 2020 at val. $16B (post-money), $229.53 pps

DoorDash quotes — “IPOs that could happen soon, cannot happen soon enough (source)”

👉 PART 2 👉 PART 3 👉 PART 4

👉 PART 5 👉 PART 6 👉PART 7

👉 PART 8

About the Author

Mr. Koch — a serial entrepreneur and late-stage investor specializing in secondary shares.

Previously: Twilio, Xiaomi, iQiyi, Tilray, Livongo, Bandwidth.

Currently: Robinhood, Grab, Toss, Coursera, Epic Games, Chime, and other companies.

Contact — here, If you are a startup building in this space — email or DM me to be included on this article.

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The content was collected from various open sources, approved by companies, and does not provide any one-stop recommendation for the purchase of shares. All data was used for only informational purposes and does not contain insider information that may be malicious or refuted by the company and SEC.

This communication does not represent an offer or solicitation to buy or sell securities. Such an offer must be made via definitive legal documentation by the buyer or seller of securities, please check the SEC rules before buying shares from any stock-suppliers.