行业的增长需要退出,


How fast do you need to grow prior to exiting successfully? We looked at the full year revenue of 127 tech companies prior to going public to find out注意,下面的“S1申请”是今年betway88help提起他们的S1 - S1是每个betway88help像招股说明书必须在上市之前的文件,它包含全年财务。

 

 

SaaS。Software companies posted median revenue of $103mm in the year prior to going public with 55% median growth.  Revenue in the two years prior to that was $64mm and $41mm respectively.  The range of growth was wide: the minimum level of growth was 6% by Survey Monkey, while the highest growth rate was Horton Works at 587%.  The median level of revenue needed to go public has increased over time.  For companies that filed their S1 in 2018, 2017, 2016, and 2015, median revenue levels each year were $193mm, $134mm, $128mm, and $129mm.  Alternatively, the median levels in 2012, 2011, and 2010 were only $87mm, $81mm, and $45mm.    The bar to go public/exit is rising.

 

社交媒体。Social media companies had median revenue of $361mm with 151% revenue growth prior to IPO.  Revenue in years prior was $113mm and $79mm, meaning revenue growth was a strong 154% 2 years before IPO.  The consistency in median revenue growth is remarkableSaaS公司显示出类似的一致性,营收增长55%和54%的年之前上市。

 

市场。市场看起来很像SaaS公司,105 mm的美元收入中位数和收入增长55%和50%年导致IPO。

 

电子商务。On median these businesses had $221mm of revenue prior to going public with consistent growth of 72% in the years prior.  It’s pretty incredible to think that Amazon went public with only $16mm of revenue, but that was actually a lot of revenue for a new tech betway88help in the 90’s.

 

Overall the themes are that prior to exit, growth either needs to be consistent in prior years or if it’s declining, it needs to still be quite high – for instance content distributors had revenue growth of 131% 2 years prior to IPO and 93% prior to IPO so while there was a decline, 93% was nothing to sneeze out.  The data should also give you a sense that the amount of revenue needed to go public has increased dramatically over the past two decades.

 

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