After the first day of trading, the shares settled at €53, making Auto1 an official decacorn with a market cap of €11 billion. German used car marketplace giant Auto1 went public in Frankfurt in February with a 45 percent increase in share price at the opening. Nevertheless, Deliveroo did raise £1 billion in the offering its shares rebound to the IPO pricing levels in the summer, before tanking once again towards the end of 2021. The shares in UK-based on-demand delivery company tanked 26 percent in the debut, wiping some £2 billion from its opening £7.6 billion market cap. One of the most expected tech IPOs of the year, Deliveroo's public listing in London ended up " an unmitigated disaster". Founded in 2005, UiPath employs almost 3,000 people and is headquartered in the US. The listing valued UiPath at $35.8 billion, making it one of the most valuable European tech companies. Romanian-founded robotic process automation (RPA) wunderkind UiPath floated on the Nasdaq stock exchange in April, with a 23 percent pop at the opening. At the time of the offering, the company was active in 23 European markets, and stated that it'd use most of the money it had raised to "scale its international commerce operations and grow its tech infrastructure." It also intended to consider potential M&A opportunities and repay shareholder loans. German online fashion platform About You got valued at €3.92 billion in its June IPO in Frankfurt. According to the filing, as of 2020 Hepsiburada (which means "everything is here" in Turkish) had 9 million customers. The company sells a very wide range of goods on its platform, from groceries and daily essentials to airline tickets. Turkish e-commerce company Hepsiburada went public on Nasdaq in July, in a listing that valued it at over $3 billion. GitLab is the only major independent player on its market its main rivals - GitHub and Bitbucket - are owned by Microsoft and Atlassian, respectively. The listing valued te company, which became wholly remote before most companies had to, at about $11 billion. □□ GitLab, raised $650 millionĭutch-founded code sharing and DevOps platform GitLab popped 35 percent in its Nasdaq IPO in October. In the same period this year, however, Moonpig's core earnings dropped 15.1 percent year-on-year. The company had quite a bit going for it, with the sales more than doubling from May to October 2020. ![]() Online greeting card retailer Moonpig held a successful London IPO in February, which valued the company at about £1.2 billion. The IPO valued Trustpilot at £1.08 billion. The stock rose 16 percent in the first day of trading before settling at 265 pence, in line with the listing price. □□ Trustpilot, raised £473 millionĭanish-founded consumer review platform Trustpilot went public in May at the London Stock Exchange, raising almost half a billion pounds. We've also taken a closer look at the performance of the fresh stocks - which, as it turns out, is not that impressive. Top 10 IPOs in European tech in 2021īelow, we've listed the most significant European tech IPOs of the year 2021, followed by direct listings and SPAC deals. On the other hand, there were a few listings we didn't see coming, Turkey's Hepsiburada being the largest. Some of them are still planning to go public next year, some seem to have decided to stay private, and for some there's no information available on their future plans. Rebranded to Zepz, considers an IPO next yearĪll in all, only six out of 24 companies didn't actually float. Moved to the main list of the Oslo Stock Exchange, as plannedĭidn't go public, considers listing in 2022-2023Ĭancelled the IPO after the Swedish Financial Supervisory Authority (FSA) found irregularities ![]() Went public in London's “worst IPO in decades,” raised £1 billionĭidn't go public, but raised $450 million in VC funding Here they are once again in the table below - now with a note on whether the predicted IPO actually happened. Back in January, we listed 24 European companies that we expected to have floated by now. Read on to get a bird's eye view of the landscape of Europe's newest public technology companies, as well as their performance on the markets.īefore we dive into the wonderful world of stocks, let's take a look at the floatings that actually didn't happen. In addition to that, there was one significant direct listing. Over the past 12 months, we've counted 28 companies that went public through an IPO or a SPAC deal, which raised at least €100 million each. This was a fruitful year for tech IPOs in Europe.
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