Twitter’s IPO has come and gone, bringing immediate riches to some of the company’s employees and anyone lucky enough to get in on the $26 IPO price (the stock jumped 73 percent on its first day). But Wall Street’s IPO mania is hardly over. About 230 companies will go public in 2013, raising a total of $50 billion between them, according to Renaissance Capital, an investment firm that manages IPO funds. Those are the largest figures since 2000, when the dot-com bubble burst after more than 400 companies raised $100 billion in IPOs, according to Renaissance. Twitter’s successful offering will likely convince more companies to go public sooner rather than later. Here are five private tech firms that could start trading on Wall Street soon:
Chegg – November 2013
Launched in 2005, Chegg rents print and digital textbooks to college students, while also offering study guides and other academic services. The company claims to reach 30 percent of all college students and sold or rented 5.5 million textbooks between September 2012 and September 2013. Like Twitter, though, Chegg is unprofitable. The company posted a net loss of $50 million in the first nine months of this year, on revenue of $178 million. However, it’s headed by former Yahoo! Chief Operating Officer Dan Rosensweig, giving the company some clout in the tech world. Chegg expects to price its stock this week between $9.50 and $11.50 per share, valuing the company at as much as $993 million.
Zulily – November 2013
Wall Street is becoming increasingly crowded with e-commerce companies, and online retailer Zulily intends to join the fold this week. The shopping site, which specializes in products for mothers and their children, more than doubled its sales in the first nine months of the year to $439 million and posted a small profit of $155,000 in that time frame. Zulily relies on daily discounts known as flash sales to earn most of its business. The company’s stock will price between $16 and $18, giving it a valuation of as much as $2.2 billion.
Box – Early 2014
Executives at data storage service Box have been speaking openly about a planned 2014 IPO for months. Now the company has selected banks to lead the offering and is aiming to go public in the first half of the year, according to Reuters. The company—which competes with startup Dropbox as well as offerings from Google, Apple and Microsoft—has 20 million users and will generate more than $100 million in revenue this year, according to the Wall Street Journal. Box isn’t profitable but boasts some high-profile customers, including Procter & Gamble and Toyota.
Alibaba – 2014
The Chinese e-commerce giant, which runs a variety of websites that allow millions of merchants to sell their goods, is considering listing on the U.S. stock market instead of in Hong Kong. The New York Stock Exchange and the Nasdaq are both after the company, which posted profit of $707 million on revenue of $1.73 billion in its most recent quarter. It could net a $100 billion valuation when it goes public, likely sometime next year. That would make it the biggest IPO worldwide since Facebook’s in May 2012, according to Bloomberg.
Square – 2014
The mobile payments company is quietly meeting with banks to prepare for an IPO in 2014, according to the Wall Street Journal. Such a move would make CEO Jack Dorsey the founder of two publicly traded companies—he co-founded Twitter and now owns a $1 billion slice of the social network. In May Square said it is processing point-of-sale transactions that total $15 billion per year, and the Journal reports that the company’s current revenue sits between $110 million and $165 million after credit card companies take their cut of sales.