Wednesday, 18 October 2023

Where are 2021’s hottest IPOs now?

Plus, window is closing for LPs to do history-making deals

October 18, 2023

Hi, Agen. At the height of the IPO market peak of 2021, valuations reached nosebleed altitudes. Per Crunchbase data, the initial valuations of all companies that went public in 2021 on the two largest U.S. exchanges collectively exceeded a trillion dollars. But since then, the 20 largest IPOs of 2021 have collectively lost well over half their value, our analysis shows. We look at how those companies have fared and what it means for the many startups eyeing public-market exits in 2024.

📉 Where are they now? 2021’s hot IPOs have lost 60% of their value

In normal times, going public at a valuation of over $10 billion is both a rare occurrence and a very big deal. In 2021, however, such enormous IPOs became rather common, even for money-losing startups, with at least 20 companies making their debuts above $10 billion. The list included some of the buzziest names in tech and the app economy: Didi, Rivian, Grab and Coinbase. But where are those once-hot IPOs now?

Related Crunchbase Pro list: Biggest 2021 IPOs

🪟 Window is closing for LPs to earn their place in history

Sure, it’s easy to invest when the market is booming and IPOs are flowing out like champagne in a nightclub. But it’s the investors with the courage to make audacious bets in the current moment who stand to make history, writes investor and guest author Marc Schröder.

💰 Familiar name tops list of busiest U.S. investors last month

Andreessen Horowitz is back … kind of. In September, the Silicon Valley venture firm posted its biggest investment month since March, taking part in 14 funding deals for U.S. based startups. Still, things aren’t as busy as they used to be.

🤔 Generalist or specialist? How to pick a VC for your startup

Your startup is gaining momentum and you’re ready to raise capital to scale. Great, but from whom? Not all capital is created equal and choosing the right investment partner could be critical to your next phase of growth, writes Amit Chaturvedy, managing partner and global head of SE Ventures. He offers some questions you can ask yourself before meeting with investors.

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