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Summary
- Couchbase, Inc. (BASE) was ranked No. 1 in the 2020 Workplace Wellness Awards for mid-sized companies planning for IPO.
- EverCommerce Inc. booked revenue of US$ 337.5 million for the fiscal year ended December 31, 2020, up 39.4% from FY 2019.
- LinkDoc Technology’s total revenue in the fiscal year 2020 was US$143.7 million; it booked a net loss of US$74.6 million in the fiscal year ended December 2021.
Many technology companies are lining up for stock exchange listings as the sector sees strong performance in recent times. In the first quarter of 2021, some 275 initial public offerings were recorded. This high number also reflects investors’ growing interests in new tech companies.
Here we explore three upcoming technology IPOs on NASDAQ.
Couchbase, Inc. (BASE) is a technology company that provides a database for business applications. It helps enterprises to build and manage applications and operate them at scale.
The company had 597 employees as of April 30, 2021. It is headquartered in California, but it also has offices in the UK and India.
Couchbase Inc.’s FY2020 revenue was US$103.3 million compared to US$82.5 million in FY2019.
It booked a net loss of US$40.0 million and US$29.3 million in FY2021 and FY2020, respectively, due to investments in growth projects for large market share. It has been ranked No. 1 in the 2020 Workplace Wellness Award for mid-sized companies.
Couchbase plans its listing on the NASDAQ Global Select with the symbol ‘BASE’. It filed for the IPO on June 21; however, the date is not confirmed yet.
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Source: Pixabay.
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EverCommerce Inc. (EVCM) provides integrated, vertically tailored software as a service (SaaS) solution to small and mid-sized service-based enterprises. Its CEO Eric Remer has been in the field for the last 20 years and creating a platform to empower small businesses.
It had 1750 employees at the end of April 2021. It filed for IPO with NASDAQ Global Select. The company has booked revenue of US$ 337.5 million for the fiscal year ended December 31, 2020, showing 39.4% growth as compared to revenue of US$ 242.1 million in FY 2019.
The company has booked a net loss of about US$60 million in FY2020 compared to a net loss of US$93.7 million in FY2019. It will offer 19,117,648 shares, and after the IPO, the outstanding shares to reach 192.48 million. The offered amount is US$395.74 million, and the share price is ranged between US$16 to US$18 per share. Its expected IPO date is July 1, 2021.
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LinkDoc Technology Ltd. (LDOC) is a healthcare technology company power by data and artificial intelligence (AI). It aims to collect and manage high-quality medical data assets.
Its total revenue in the fiscal year 2020 was US$143.7 million. It booked a net loss of US$74.6 million in the fiscal year ended December 2021. It filed for an initial public offer with NASDAQ Global Select with the symbol name ‘LDOC’. LDOC had 1250 employees as of March 31, 2021.
Its proposed offer amount is US$100 million.
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Please note: The above constitutes a preliminary view, and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.
