Will Wayfair and Hubspot Go Public?
Speculation grows that the two technology companies are ready for an IPO.
Tech site VentureBeat released a list of 17 tech companies it expects to go public in 2013, touting a stronger market:
Analysts are predicting that 2013 will be a very good year for tech initial public offerings. In Ernst & Young’s Year-end Global IPO Update, global vice chair of strategic markets Maria Pinelli predicts that IPO activity in the financial and technology sectors will gradually escalate, spiking upward in the second half of 2013.
“Reduced stock market volatility, assertive action from central banks, and brighter economic prospects suggest 2013 could be the right time for companies currently in the pipeline to list,” Pinelli said.
It’s not the first time that the business press has speculated about either company. In early December, Fortune pointed out the prime IPO conditions for online home retailer Wayfair:
“Online home goods retailer Wayfair.com generates over $600 million in annual revenue. It has been around for a decade, and currently employs more than 1,200 people. It has raised over $200 million in venture capital funding, including a new $36 million round announced earlier today.”
For the record, Wayfair CEO Nirah Shah has been quiet about the company’s future, and told Fortune that 2013 is not the “ideal” time for an IPO.
Buzz has also been growing around marketing software company HubSpot, which raised $35 million in financing for expansion in November and hired industry veteran JD Sherman as COO—two major signs that they’re nearing a public offering. HubSpot, unlike Wayfair, has been less coy about its plans—in May, in fact, HubSpot CEO Brian Halligan told BostInno that an IPO in 2013 was likely.