Top 30 Tech Exits To Watch In 2018

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While the IPO floodgates didn’t open quite as expected in 2017, there were still 27 tech, media and telecommunications companies that went public last year — roughly flat on the previous year. Most of those, with the notable exception of Snap and Blue Apron, are trading above their listing prices.

A few others sold in 2017 en route to a planned IPO: SimpliVity investors got $650 million from Hewlett Packard Enterprise and, most dramatically, AppDynamics sold to Cisco Systems for $3.7 billion one day before it was due to price.

How did our predictions for 2017 pan out? Of the 30 names we listed, eight had initial public offerings (Appian, Blue Apron, Cloudera, ForeScout, MuleSoft, Okta, Roku and Snap), three sold (the aforementioned AppDynamics and SimpliVity, plus Shazam) and five undertook growth equity financing instead (Anaplan, InsideSales.com, Social Finance, Tanium and Unity Technologies).

Read full news article on Forbes.com