Digging into the next wave of tech IPOs

After taking five consecutive business days off from my work laptop — and to shout at my personal laptop while losing games on Dominion online — I am back. I missed you. And while The Exchange’s regular columns were off this week (Friday aside, which you can read here), there’s still a hell of a lot to talk about.

First, a new website. If you click here, you’ll be taken to a sortable list (spreadsheet? database?) of startups with Black founders. Dubbed The Black Founder List, it’s a great asset and tool.

For folks like myself with a research and reporting focus, the list’s sortability of companies founded by Black entrepreneurs by gender, stage and market focus is amazing. And, for investors, it should provide potential dealflow. Do you write lots of Series C checks? The Black Founder List has 23 Series B startups with Black founders. Or if you

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Forget Hot IPOs, Buy These Top Tech Stocks Instead

With the tech industry flying high amid the pandemic, the pace of new IPOs and interest in them has been fast and furious. Recent debuts have set a new bar for ludicrous valuation. Snowflake (NYSE:SNOW), for example, is trading for well over 100 times trailing-12-month revenue — a price tag that assumes flawless execution of its growth strategy in the cloud industry, and then some.

There are more timely purchases out there, though. Three Fool.com contributors think Veeva Systems (NYSE:VEEV), Spotify (NYSE:SPOT), and Alphabet (NASDAQ:GOOGL)(NASDAQ:GOOG) are worth some of your money right now.

Honeycomb shaped cells with illustrations of tech devices in them.

Image source: Getty Images.

A consistent home-run hitter in life sciences

Nicholas Rossolillo (Veeva Systems): First off, I need to acknowledge my pick is no value. On the contrary, cloud computing technologist Veeva Systems trades for 31 times trailing-12-month revenue and 28 times expected fiscal year 2021 (the 12 months ended Jan. 31,

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Three Sci-tech innovation IPOs in China approved


The initial public offering (IPO) of three companies on the science and technology innovation board has been approved by the securities regulator in China.

Shanghai Taitan Scientific Co., Ltd., Frontier Biotechnologies Inc. and Shenzhen Consys Science & Technology Co., Ltd. are both going to be listed on the Shanghai Stock Exchange’s sci-tech innovation board, which is also called the STAR market the China Securities Regulatory Commission said.

The companies and their underwriters are going to confirm the IPO dates and released their prospectuses after discussions with the stock exchange.

The STAR market that was made in June of the earlier year to support firms in the high-tech and strategic emerging sectors, makes listing criteria easier but it has higher requirements for information disclosure.


Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy,

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China green lights 4 sci-tech novelty IPOs

(MENAFN) China’s securities controller has accepted the listing for the initial public offerings (IPOs) of four corporations on the science and technology novelty plank.

The China Securities Regulatory Commission stated that Wuhan Keqian Biology Co., Ltd., Road Environment Technology Co., Ltd., Zhejiang Lante Optics Co., Ltd. and Chipsea Technologies (Shenzhen) Corp., Ltd., will be scheduled on the Shanghai Stock Exchange’s sci-tech novelty board, frequently known as the STAR marketplace.

The corporations and their underwriters will corroborate the IPO dates and issue their brochures subsequent to deliberations with the stock exchange.

The STAR marketplace, installed in June last year and intended to hold up corporations in the high-tech and strategic rising sectors, eases listing criteria but adopts higher obligations for information revelation.


Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos,

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Techs IPOs celebrated in parking lots, conference rooms amid pandemic

Sumo Logic CEO Ramin Sayar on IPO day

Sumo Logic

There were masked parking lot festivities, Times Square replicas and virtual bell ringings. There were technical glitches and a corporate logo beamed onto San Francisco’s City Hall.

Welcome to the 2020 IPO celebration during the busiest week of the year for tech debuts. Snowflake had the largest software offering ever on Wednesday, and gaming company Unity is already worth half as much as Electronic Arts after its first day on the market. 

Many billions of dollars of wealth were created from those IPOs and others, but the mood was tempered by a raging pandemic that’s killed almost 200,000 Americans, battered wide swaths of the economy, and pushed the tech industry into six months of remote work with no end in sight.

Instead of flying to New York with a few top executives and board members to ring the bell of

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