Morning Report: As tech IPOs finally heat up, here’s how has performed to-date.
Yesterday, we at a grip of 2016 tech IPOs, marking time as the current year’s public offering cadence accelerates. After years of , the market seems ready to accept a number of new debuts in the first half of 2017. Strong results from Snap, , and the very-nearly-IPO AppDynamics deal is encouraging others to pull the trigger.
However, in our look back at 2016, we left out a few smaller IPOs that Quartz noted . What counts as “tech” is always squishy, so your list might not match ours exactly. However, we added a number of names to our chart, sourced from the Quartz piece, creating an expanded list of firms we are content to call tech.
We also ran��the math on their aggregate results (not rebalanced for either the��莽釵硃梭梗泭of an IPO or its debut date, inside of 2016). The averaged results are more encouraging than I expected: Last year’s freshman class posted 47 percent gains from their IPO prices, and just under 9 percent from their first day closes.
In the future, I’ll present this list in a more palatable, less vomit-inducing color palate and format, but for today this is what you get:

There is much to say about the results. High-flying offerings Twilio and Acacia are down sharply from their 52-week��highs ($70.96, and $128.73 per share, respectively). Both are still strongly up from their IPO prices, but their ensuing declines have cut some cream from the top-end of posted results.
The listed companies comprise the preceding cohort for this year’s IPOs. How bullish it makes you feel will temper how you think late-stage startups that need to go public will perform.
2017: Could it be the year of the tech IPO at last?
Today in the :
Airbnb to triple China staff
- Fresh off a $1 billion fundraise, Airbnb plans to triple its China staff and double investment in the region this year as it targets the country���s millennial consumers, Reuters reports. Airbnb said it currently has roughly 80,000 listings in China that have housed nearly 1.6 million travelers.
Boom raises $33M for supersonic jets
- Boom Supersonic, developer of a supersonic airliner that can travel 2.6 times faster than a typical passenger jet, has raised $33 million in a Series A round backed by 8VC, Caffeinated Capital, Palm Drive Ventures, RRE Ventures and Y Combinator. The company plans to have its plane fly from New York to London in three hours and 15 minutes, at a cost of $2,500 each way, TechCrunch reports.
Altice buying video ad platform Teads for $308M
- European telecommunications provider Altice will acquire Teads, a New York-based video advertising marketplace, in a transaction valued at up to $308 million. Teads previously raised $55 million in equity funding over the past decade.
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