The 2015 Tech IPO Pipeline focused exclusively on U.S. based companies, ignoring the hundreds of other companies planning on going public in the coming year. These are four non-U.S. startups worth keeping an eye on.
With over 67 tech IPO exits valued at $33.3 billion in total, 2014 has shaped up to be one of the best years for tech investors since the dot.com boom. And with a recent report from CBS Insights indicating that there are 588 tech companies in the IPO Pipeline for 2015, it seems the coming year is going to be another strong one. But focusing exclusively on U.S. tech companies, as this report does, fails to tell the full story.
All the IPO Pipeline companies mentioned in the CBS Insights report have valuations over $1,000,000, having already cumulatively raised $64.27 billion in funding. They are, however, all U.S. based with 315 of the companies located in Silicon Valley. A look at the global tech IPO Pipeline sheds a light on some of the up and coming tech hubs worth watching, and indicates just how far-reaching this tech boom is.
Tech IPOs outside the U.S. to watch out for:
1. Xiaomi
Photo Credit: PR Screenshot, Xiaomi
As one of China’s leading smartphone manufacturers, it’s expected that Xiaomi will ship more than 100 million devices in 2015. Xiaomi was established in 2010 and has rapidly expanded both its offering and market share since its initial launch. In February, Xiaomi launched in Singapore and plans to expand across Asia. But it’s Brazil, Russia, Turkey, Mexico and other emerging markets that the company has its sights set on.
Xiaomi is in talks with a Russian investment firm, which also invested in Facebook and Alibaba, to raise $1.5 billion in funding. Should this be successful, it will be one of the largest funding rounds since Facebook’s $1.5 billion round in 2011. This would increase the company’s valuation to $40 billion. The startup has already raised $347 million in funding and is estimated to be worth $4 billion. There are rumors that the company could be planning to go public in the U.S. and Hong Kong in 2015.
2. Infibeam
Photo Credit: PR Screenshot, Infibeam
One of India’s largest and most well-established e-commerce platforms, Infibeam has been running since 2007. In addition to the e-commerce offering, Infibeam offers a B2B e-commerce website building platform, Build a Bazaar, for retailers and manufacturers looking for a drag and drop solution.
It’s estimated that this platform has had more than 18,000 implementations since it was launched in 2011. Infibeam also recently launched the .ooo domain service which has been publicly available since October.
Despite being self-funded, the company acquired online digital marketing company, ODigMa for $5 million in February. Infibeam is eyeing the IPO route as a way to raise funds for global expansion. The company hopes to raise $166 million through the IPO which would increase its valuation to $500 million. If this IPO does materialize, Infibeam will the first publicly traded e-commerce company in India.
3. Ingogo
Photo Credit: PR Screenshot, Ingogo
Ingogo is an Australian based transportation on demand service which makes it easy to hail and pay for a taxi anywhere across Australia. Launched in 2011, the app has already been used to process payments to the value of $100 million in Sydney and Melbourne alone. While currently only available in Australia, the company has plans to expand to other major cities throughout the world.
Having recently raised $9.1 million in funding, bringing the company’s total funding received to $16.1 million, Ingogo looks set to go public on the ASX early next year. Currently, the startup is valued at more than $45 million.
4. SolarEdge
Photo Credit: Pr Screenshot, SolarEdge
Israel-based SolarEdge is one of the world’s leading solar power optimizing systems. Since it was founded in 2006, the company has shipped over 2 million solar power devices to more than 40 countries worldwide. It’s annual sales are estimated to exceed $100 million.
SolarEdge has raised a total of $85 million in three separate rounds of funding. The company is expected to raise an additional $100 million when it goes public early next year.
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