European Tech IPO observatory #1

Update 19th Jan 2021 (updated once a month)

Hello my friends 🖐,

As many of you asked me while reading the weekly #TechWatchbySeb (TWS) to share the list of Tech companies that are preparing for an #IPO.

To make it efficient, I have split them into 2 categories :

1/ Tech companies that have officially announced an IPO

2/ Tech companies that are now listed

To define the scope, I’m only looking for companies falling into those criteria:

  • Using Technology to deliver core products or services
  • Hyper Growth is shown for some years
  • Not own by another company
  • Valuation > $ 1Bn
  • Headquartered in Europe 🇪🇺

And for the most curious, I share with you some statistics at the end of the article.

1– European Tech companies that have officially announced an IPO

Photo by Ian Schneider on Unsplash

Format: Name Company — Targeted Market Cap — Targeted Period — Targeted Stock Exchange

  • Paysafe 🇬🇧 #Payment : $ 9Bn — Early 2021 — NYSE 🇺🇸 (link TWS)
  • InPost 🇵🇱 #Transport — $ 8Bn — Early 21 — Euronext Amsterdam 🇪🇺
  • Deliveroo 🇬🇧 #Foodtech — $ 7Bn — 2021 — TBD (link TWS)
  • Kahoot 🇳🇴 # Edtech : $ 5,7Bn — Q1 2021 — Oslo SE 🇪🇺 (link TWS )
  • Arrival 🇬🇧 #Electric cars — $5.4Bn — Q1 2021 — Nasdaq🇺🇸
  • Darktrace 🇬🇧 #Cyber$ 5Bn — 2021 — London SE 🇪🇺
  • Believe 🇫🇷 #Music — $ 2,5Bn — 2021 — Euronext Paris or Nasdaq
  • Moonpig 🇬🇧 #E-retailer — $ 2Bn — 2021 — London SE 🇪🇺
  • Auto1 🇩🇪 #Fintech — $ 1,2Bn — Q1 2021 — Frankfurt SE 🇪🇺
  • Wetransfer 🇳🇱 #Payment — $ 1Bn — TBD — Euronext Amsterdam🇪🇺 (link TWS)
  • Trustpilot 🇬🇧 #Apps — $ 1Bn — HY 1 2021 — London SE 🇪🇺
  • About You 🇩🇪 #Ecommerce — TBD — Q1 2021 — Frankfurt SE 🇪🇺

Some other companies to track that have vaguely announced an IPO :

  • Checkout.com 🇬🇧 #Payment — last round valuation: $15bn (Link TWS)
  • Klarna 🇸🇪 #Payment— last round valuation: $10bn
  • UiPath 🇷🇴 #HR — last round valuation: $ 10bn
  • TransferWise 🇬🇧 #Payment — last round valuation: $5bn
  • Hopin🇬🇧 #Communication — last round valuation: $2bn (Link TWS)

2– Tech companies that are now listed (>$1Bn)

Format: Name Company — Date IPO — Stock Exchange — IPO Market Cap — IPO price action

2020 Listings

  • Allegro 🇵🇱 #E-Commerce — Oct 2020 — Warsaw SE 🇪🇺 — $19 Bn
  • The Hut Group 🇬🇧 #E-Commerce — Sept 2020 — London SE 🇪🇺 — $7Bn
  • Link Mobility 🇳🇴 #Communication — Oct 2020 — Oslo SE 🇪🇺 — $1,5bn

2019 Listings

  • Nexi 🇮🇹 #Payment — April 2019 — Milan Borsa🇪🇺 — $7bn
  • Adevinta🇳🇴 #Bigdata — April 2019 — Oslo SE🇪🇺 — $6,7bn
  • TeamViewer 🇩🇪 #SAAS — Sept 2019 — Frankfurt SE 🇪🇺 — $6,4bn
  • Trainline 🇬🇧 #E-commerce — June 2019 — London SE 🇪🇺 — $2bn

2018 Listings

  • Farfetch🇬🇧 #E-commerce — Sept 2018 — NYSE🇺🇸 — $5,8bn
  • Elastic 🇳🇱 #Bigdata — Sept 2018 — NYSE🇺🇸 — $5bn
  • Funding Circle 🇬🇧 #Fintech — Sept 2018 — London SE 🇪🇺 — $2bn
  • Adyen 🇳🇱 #Payment — June 2018 — Amsterdam SE 🇪🇺 — $8.3Bn
  • Avast Technology 🇨🇿 #Cyber — May 2018 — London SE 🇪🇺 — $3bn
  • Spotify 🇸🇪 #Music — April 2018 — NYSE 🇺🇸— $ 26Bn

3- Some statistics to conclude

70% of the IPOs happened in the country of residence of the company. For the rest, the vast majority decided to get listed in the US and only one decided to get listed on another European Stock Exchange (London)

30% :We can clearly see the dominance of the Uk, both for companies that are listed (30% are from the UK) or to be listed (50% are from the UK), but also as a place to attract important IPOs with the LSE that has hosted 30% of the IPOs mentioned above between 2018 and 2020.

7% France and Germany, the 2 main European markets represent only 7% of the IPO done in Europe. This trend looks to continue in 2021 as, the upcoming IPOs in France and Germany represent on 20%

2 companies have completed their IPO with a market cap above $10Bn. It was Spotify and Allegro. The first one was listed on the NASDAQ and the second one on the Warsaw SE

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