分享文件ipo_candidates_report

1、NOVEMBER 16, 2016Based on 2015 and 2016 financial information.2017 IPO CANDIDATES TABLE OF CONTENTSContentsIntroduction 1Financials 2Sectors 4Regions 7Funding (Debt & Equity) 9Investors 12PrivCo Notable IPO Candidates 162017 IPO Candidates 18 2017 IPO CANDIDATESIntroductionHIGHLIGHTS2017 is poised t

2、o be an exciting year for the IPO market, after so many “private IPOs” in the lastseveral years. The demand for liquidity from investors and employees and need for cash are powerful catalyst for the market, even with the new President-elect.We analyzed historical IPOs to select 130 candidates with t

3、he highest potential for the 2017 IPOmarket. We screened our list based on company age, total funding, employee size, location, andrevenue performance. After meeting our minimum criteria, we studied the operating model and recent news for each company.However this list is by no means comprehensive a

4、nd many will stay private. Due to specificcharacteristics of certain industries, we excluded companies in biotechnology, pharmaceuticals, andcommodities.We appreciate your interest in our report. If you have suggestions or feel that we missed out on keydata, please let us know via

5、.AVERAGE PROFILE OF AN IPO CANDIDATEThis report contains proprietary research by PrivCo Media, LLC. and is subject to copyright by PrivCo. Use is subject to Terms of Use andLegal Disclaimers which can be found in full at . Copying and redistribution is prohibited without permission of

6、the publisher. PrivCos Private Company Financial reports are designed to provide factual information and all information contained in this publication has been gathered from sources deemed reliable but its accuracy cannot be guaranteed. PrivCo is not a registered investment advisor, and under no cir

7、cumstances shall any of the information provided herein be construed as a buy/sell recommendation or investment advice of any kind. Copyright 2016 PrivCo Media, LLC. All rights reserved.Page 1AttributeValueAverage Total Funding 3 Year Growth Rate1 Year Growth Rate 2015 Revenue Employee NumberAge$600

8、M 113%109%$531M 1,4659 Years 2017 IPO CANDIDATESFinancialsREVENUE HIGHLIGHTSOur IPO candidates generated $69.2B in revenue for 2015.69 out of 130 candidates are unicorns (valued over $1B USD). 62% of our candidates made under $200M in revenues.The top half companies by revenue generated 11.5x more r

9、evenue than the bottom half.Number of Companies by Revenue Range454042393530252030151050118Over $1,000$500 - $1,000$200 - $500$100 - $200Under $1002015 Revenue Range in MillionsTOP COMPANIES BY REVENUEPage 2Number of Companies 2017 IPO CANDIDATESEMPLOYEE HIGHLIGHTS190,000 employees worked for these

10、highly promising companies in 2015.74% of 130 candidates employed less than 1,000 employees during 2015.Number of Companies by Employee Range454035302520151050393727207Over 5,0001,000 - 5,000500 - 1,000300 - 500Under 3002015 Employee RangeTOP COMPANIES BY EMPLOYEESPage 3Number of Companies 2017 IPO

11、CANDIDATESSectorsHIGHLIGHTS22% of our companies were in the Enterprise Software sector. Notable companies include Deem,Inc., Docusign, Inc. and Cloudera, Inc.Companies in the Electronic Product sector had the highest average revenue. Notable companies include Xiaomi Inc., Sonos, Inc. and SZ DJI Tech

12、nology Co., Ltd.On-Demand Services sector on average received the most funding. Notable companies includeUber Technologies, Inc., Instacart and Airbnb. SECTOR SUMMARYNUMBER OFCOMPANIESAVERAGEREVENUE (M)GROWTHRATEAVERAGEFUNDING (M)SECTOREnterprise Software29129.076.7%338E-Commerce181,645114.5%785Fina

13、ncial Services and Technology14244128.8%730 (Fin. Services & Tech)Advertising & Marketing1324044.3%195(Adv. & Mktg)Entertainment, Social Media &Communications11396250.0%814 (Ent., Social Media & Comm)On-Demand Services8459215.4%2,619Other Internet Services811750.5%181Cloud Data722870.9%337Cyber Secu

14、rity512672.2%199Electronic Products52,99443.9%564Health & Wellness48466.7%186Other Sectors833872.4%625Page 4 2017 IPO CANDIDATESNumber of Companies by SectorEnterprise SoftwareE-Commerce Fin. Services & TechAdv. & Mktg Ent., Social Media & Comm Other Internet ServicesOn-demand ServicesCloud Data Ele

15、ctronic Products Cyber Security Health & WellnessOther Sectors2918141311887554805101520253035Number of CompaniesAverage Revenue by Sector$3,500$2,994$3,000$2,500$2,000$1,645$1,500$1,000$459$396$338$500$244$240$228$129$117$126$84$0Page 5Revenue in Millions 2017 IPO CANDIDATESGrowth Rate by Sector300%

16、250.0%250%215.4%200%150%128.8%114.5%100%76.7%72.2%72.4%70.9%66.7%50.5%44.3%43.9%50%0%Average Funding Size by Sectors$3,000$2,619$2,500$2,000$1,500$1,000$814$785$730$625$564$338$337$500$195$199$181$186$0Page 6Growth RateFunding Amount in Millions 2017 IPO CANDIDATESRegionsHIGHLIGHTS68 out of 130 cand

17、idates (52.3%) are based on the West Coast, with 65 based in California.29 out of 130 candidates (22.3%) are based on the East Coast, with 19 based in New York.West Coast dominated Enterprise Software, Cyber Security, and Cloud Data sectors.Regions17.7%22.3%7.7%52.3%East CoastWest CoastRest of the U

18、.S.InternationalRegions Breakdown by Sectors100%90%80%70%60%50%40%30%20%10%0%East CoastWest CoastRest of the U.S.InternationalPage 7 2017 IPO CANDIDATESAverage Revenue by U.S Region$250$221$215$200$137$150$100$50$0East CoastWest CoastRest of the U.S.Average Growth Rate by U.S. Region120%96.9%100%82.

19、2%80%63.2%60%40%20%0%East CoastWest CoastRest of the U.S.Page 8Growth RateRevenue in Millions 2017 IPO CANDIDATESFunding (Debt & Equity)HIGHLIGHTSThe IPO candidates raised $78B in total funding.The average funding round size was $88M.21 mega-rounds ($100M+) were raised during 2016 vs. 65 in 2015.Tot

20、al Funding Amount by Year$35,000$28,973$30,000$25,000$18,183$20,000$17,599$15,000$10,000$4,847$2,782$2,751$5,000$1,778$965$02009 andearlier2010201120122013201420152016Number of Mega Rounds ($100m+) by Year7065605050403021201071051002009 andearlier2010201120122013201420152016Page 9Funding Amount in M

21、illionsNumber of Rounds 2017 IPO CANDIDATESAverage Funding Size by Round Type$600$543$500$400$300$226$186$200$106$100$50$25$8$0Series ASeries BSeries CSeries DSeries ESeries FSeries G andUpNumber of Funding Rounds by Type14012311711412099100806560364014200Series ASeries BSeries CSeries DSeries ESeri

22、es FSeries G andUpPage 10Funding Amount in MillionsNumber of Rounds 2017 IPO CANDIDATESNumber of Rounds by Funding SizeUnder $10275$10 - $20141$20 - $50188$50 - $100121$100 - $20076$200 - $50048$500 - $1,00017Over $1,00018050100150200250300Number of RoundsNumber of Companies by Total FundingUnder $1

23、004$100 - $20049$200 - $50045$500 - $1,00012Over $1,000200102030405060Number of CompaniesPage 11Founding Amount in MillionsFunding Amount in Millions 2017 IPO CANDIDATESInvestorsHIGHLIGHTSThe top 20 investors combined invested in 71 out of our 130 candidates (55%)The top 20 investors invested in 13

24、candidates on average.Sequoia Capital led in number of companies invested (20) and number of rounds invested (65) for the IPO candidates. Accel Partners was a close 2nd at 17 companies and 61 rounds.Accel Partners led in early rounds investments with 10 companies. Notable early roundinvestments incl

25、ude Cloudera, Prosper Marketplace, Dropbox, and Slack Technologies. INVESTOR SUMMARYNUMBER OFCOMPANIES INVESTEDNUMBER OFROUNDS INVESTEDTOP INVESTORSNOTABLE INVESTMENTS20651733176116181651144413421324Page 12 2017 IPO CANDIDATES124512371236122512201216121511141113111110381016Page 13 2017 IPO CANDIDATE

26、STop 5 Investors by Number of Companies InvestedSequoia Capital20Kleiner, Perkins, Caufield & Byers (KPCB)17Accel Partners17T. Rowe Price Associates, Inc.16New Enterprise Associates160510152025Number of CompaniesTop 5 Investors by Number of Rounds InvestedSequoia Capital65Accel Partners61New Enterpr

27、ise Associates51Khosla Ventures45Andreessen Horowitz, LLC44010203040506070Number of RoundsPage 14 2017 IPO CANDIDATESTop 5 Investors by Number of Early Round Investments(Seed & Series A)Accel Partners11Khosla Ventures9Sequoia Capital9Lightspeed Venture Partners8Andreessen Horowitz, LLC8024681012Numb

28、er of RoundsPage 15 2017 IPO CANDIDATESPrivCo Notable IPO CandidatesLocation2014 Revenue2015 Revenue Growth Rate Total FundingLatest ValuationCalifornia, US$4M$59M 1,414%$3.15B$20BLocation2014 Revenue2015 Revenue Growth Rate Total FundingLatest ValuationCalifornia, US$495M$1,500M 203%$13B$68BLocatio

29、n2014 Revenue2015 Revenue Growth Rate Total Funding Latest ValuationCalifornia, US$360M$558M* 55%$3.5B$20BLocation2014 Revenue2015 Revenue Growth Rate Total Funding Latest ValuationCalifornia, US$425M$900M 111%$4.1B$30BLocation2014 Revenue2015 Revenue Growth Rate Total Funding Latest ValuationLondon

30、, UK1.1B1.9B 80% 1.7B$8.5BLocation2014 Revenue2015 Revenue Growth Rate Total Funding Latest ValuationShenzhen, China$500M$1B 100%4.1B$10BPage 16 2017 IPO CANDIDATESLocation:2014 Revenue:2015 Revenue: Growth Rate: Total Funding Latest ValuationNew York, US$500M$915M 83%$730M$4.4B*Location:2014 Revenu

31、e:2015 Revenue: Growth Rate: Total Funding Latest ValuationCalifornia, US$40M$115M* 188%$1.5B$3.5BLocation:2014 Revenue:2015 Revenue: Growth Rate: Total Funding Latest ValuationCalifornia, US$12.0B$12.5B 4%$1.5B$41.3BLocation:2014 Revenue:2015 Revenue: Growth Rate: Total Funding Latest ValuationCali

32、fornia, US$74.6M*$250M* 135%$1.7B$16.9B*Denotes PrivCo EstimatePage 17 2017 IPO CANDIDATES2017 IPO CandidatesRevenue and Employee information is available to all enterprise clients upon request. Reach out to if you are interested in this information or enterprise pricing. QUICK SUMMA

33、RY OF IPO CANDIDATESTOTALFUNDING (USD)GROWTHRATE %COMPANYPRIMARY INDUSTRYLOCATIONHealth & WellnessCA243,993,50656.423andMe, Inc.Enterprise SoftwareMA173,500,00026.1Acquia, Inc.Enterprise SoftwareMA211,500,00079.7Actifio, Inc.Fin. Services & TechCA65,839,69432.1Addepar IncAdv. & MktgCA89,605,00083.3A

34、dRoll, Inc.Fin. Services & TechNetherlands266,000,00089.2Adyen B.V.On-demand ServicesCA4,068,855,792111.8AirbnbHealth & WellnessMA151,118,56570.8American Well Corp.Cloud DataCA234,400,000111.8Anaplan, Inc.ANI Technologies Pvt.Ltd.On-demand ServicesIndia1,179,330,000724.6Enterprise SoftwareCA157,000,

35、00094.8App Annie Ltd.Enterprise SoftwareCA364,500,00075.2AppDynamics, Inc.Applause App Quality,Inc.Enterprise SoftwareMA115,800,00040.9Adv. & MktgNY334,171,85650AppNexus Inc.Enterprise SoftwareCA274,000,00080.5Apttus Inc.Fin. Services & TechWA354,390,59729.7Avalara, Inc.Fin. Services & TechIL1,780,2

36、32,141300Avant, Inc.Page 18 2017 IPO CANDIDATESOther InternetServicesWA132,000,00038.5Avvo, Inc.Cloud DataCA78,660,000100Axcient, Inc.Adv. & MktgTX170,204,36960Bigcommerce, Inc.On-demand ServicesFrance311,381,673369.6BlaBlaCarOn-demand ServicesNY193,800,000209.1Blue Apron, Inc.Ent., Social Media &CA

37、175,000,000118.9Blue Jeans Network, Inc.CommFin. Services & TechCA104,815,59020.5Boku, Inc.Adv. & MktgGA168,073,10045Cardlytics, Inc.China Internet PlusHolding, Ltd.E-CommerceChina4,397,000,00078.6Enterprise SoftwareVA125,017,93040.7Clarabridge, Inc.Enterprise SoftwareCA1,041,000,00074.8Cloudera, In

38、c.Enterprise SoftwareCA182,050,00091.7CloudFlare, Inc.E-CommerceCA578,700,000271.4ContextLogic IncE-commerceKorea1,418,000,000225.3CoupangFin. Services & TechCA370,072,80042.9Credit Karma Inc.Enterprise SoftwareCA576,412,06078.6Deem, Inc.On-demand ServicesGermany1,262,175,95766.7Delivery Hero GmbHEn

39、terprise SoftwareCA119,500,00069.8Delphix CorporationEnterprise SoftwareWA523,248,569118.2DocuSign, Inc.Enterprise SoftwareUT614,687,225191.7Domo, Inc.Cloud DataCA1,107,215,00055Dropbox, Inc.Electronic ProductsCA139,139,15047.9eASIC CorporationPage 19 2017 IPO CANDIDATESE-CommerceCA199,514,31290.4Ev

40、entbrite, Inc.Other InternetServicesCA203,750,00037.5Evernote Corp.E-CommerceUK304,500,00064.7Farfetch UK LimitedE-CommerceIndia3,151,000,000248.8Flipkart Private LimitedForeScout Technologies,Inc.Garena Interactive Holding Ltd.Cyber SecurityCA121,381,45251.1Ent., Social Media &CommSingapore172,000,

41、00050On-demand ServicesIsrael513,000,000122.2Gett, Inc.Other InternetServicesCA196,304,95881.8Glassdoor Inc.Enterprise SoftwareCA101,246,43720GoodData Corp.Adv. & MktgCanada249,900,00030HootSuite Media, Inc.Ent., Social Media &CommCA378,600,00024.9Houzz, Inc.Adv. & MktgSingapore320,600,00014.6InMobi

42、UTEnterprise Software199,699,98127.4InsideS, Inc.On-demand ServicesCA274,800,000115.7InstacartAdv. & MktgNY116,797,99679.2Integral Ad Science, Inc.Ent., Social Media &CommCA152,000,000180Jam City, Inc.E-CommerceNY215,502,50048.1JAND, Inc.E-commerceChina172,000,00050JFin. Services & Tec

43、hGA604,609,30136.8Kabbage, Inc.Enterprise SoftwareNY168,600,00032Kaltura Inc.Lithium Technologies,Inc.Enterprise SoftwareCA225,993,85827Page 20 2017 IPO CANDIDATESLogRhythm, Inc.Cyber SecurityCO121,397,26438.1Lookout IncCyber SecurityCA303,589,27271.8MapR Technologies, Inc.Enterprise SoftwareCA224,0

44、50,00091.2MarkLogic CorporationEnterprise SoftwareCA173,503,80844.8Medallia, Inc.Enterprise SoftwareCA255,332,17222.7MediaMath, Inc.Adv. & MktgNY210,424,19227.5Meili, Inc.E-CommerceChina412,000,000263.2Moda Operandi, Inc.E-commerceNY131,319,66047.8Modernizing Medicine,Inc.Health & WellnessFL123,737,

45、62871.7MongoDB Inc.Cloud DataNY311,115,86928.9MuleSoft, Inc.Enterprise SoftwareCA258,500,000104.5NJoy, Inc.Electronic ProductsAZ182,999,99040Odyssey Logistics &Technology CorporationLogisticsCT168,910,00018Okta, Inc.Cloud DataCA229,250,00054Oportun, Inc.Fin. Services & TechCA319,762,89713.3Optimizel

46、y, Inc.Enterprise SoftwareCA151,886,92134.4Outbrain Inc.Adv. & MktgNY203,500,00018.8Ozon GroupE-commerceRussia271,000,00033Palantir Technologies,Inc.Enterprise SoftwareCA2,040,989,66550Payoneer Inc.Fin. Services & TechNY270,000,00042.7Ent., Social Media &Pinterest, Inc.CA1,316,300,011301.6 CommOther

47、 InternetPluralsight, LLCUT170,000,00061.5 ServicesPage 21 2017 IPO CANDIDATESProsper Marketplace,Inc.Fin. Services & TechCA364,621,824159.5Other InternetPurch Group, Inc.UT175,500,00020.5 ServicesReal Matters, Inc.Real EstateCanada232,269,28868.6Refinery29, Inc.E-CommerceNY125,710,00055.9Rent the Runway, Inc.E-CommerceNY115,950,17578.1RetailNext, Inc.Enterprise SoftwareCA183,930,246165.3ServiceMax, Inc.Enterprise SoftwareCA204,000,00052.5SevOne, Inc.En