As CarGurus Preps IPO, These 6 Boston Tech Firms Could Be Next
September 22, 2017
Xconomy Boston — Some predicted the U.S. tech IPO window would open wider this year, but it’s still just a slit.
Only 14 tech companies have held initial public offerings in the U.S. this year, Bloomberg reported this week. (Notable IPOs include Snap, Blue Apron, and Redfin.) That follows 19 U.S.-listed tech IPOs last year and 28 in 2015. By comparison, at least 34 companies went public in the U.S. markets each year from 2010 through 2014, according to Bloomberg.
None of this year’s tech IPOs have come from the Boston area. But the local tech community could avoid a 2017 IPO shutout if CarGurus follows through on its plans to go public, which were revealed in an SEC document filed last Friday. The Cambridge, MA-based company said it could raise $100 million in an IPO, although that early figure will probably change. It would trade on the Nasdaq stock exchange under the ticker symbol “CARG.”