2019 saw some major tech IPOs, the most high-profile ones probably being Pinterest, Uber, and Lyft. Unfortunately, all of those companies’ shares have fallen significantly since their initial public offering. But there’s always next year, right…
And just which companies are likely to IPO (and hopefully perform better than the above) in 2020? CB Insights has a new report out that says they’ve identified the top five most-likely prospects using their proprietary company rating algorithm, called Mosaic. Those companies are:
- Unity: the company behind the gaming engine platform
- GitLab: the developer operations platform
- Procore: a construction management software company
- Snowflake: a cloud data warehouse provider
- Credit Karma: the personal finance platform
CB Insights came to the above conclusion by assigning each company a Mosaic Momentum Score, which uses “non-traditional public signals ranging from customer signings to hiring activity to media sentiment to web traffic and mobile app data” to analyze the momentum and prospects of private companies.
In related news, CB Insights’ report also says that…
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