Airbnb could potentially be the biggest and hottest IPO of 2017. The company is the dominant player in the peer-to-peer temporary housing and apartment rentals. Airbnb currently has more than 2 million worldwide listings.
Rumors of an IPO originally dates back to 2014, which was dubbed as “one of the hottest upcoming IPOs of all time.” The company has raised approximately $4.2 billion in total funding. In Airbnb’s latest round of funding, the company raised $1 billion, valuing the company at a staggering $31 billion valuation.
Peter Thiel, who is known as one of the founders of Paypal, and several other Stanford University classmates started Palantir Technologies. The Central Intelligence Agency (CIA) backs Palantir Technologies, and the company is highly secretive about its business…for obvious reasons.
Palantir Technologies plans to purchase up to $225 million of the company’s stock from current and former employees. In exchange, the data analysis company will require those employees to renew their non-compete agreements and not recruit company employees for at least one year, should they leave the company and work elsewhere. In addition, employees who accept the offer must agree to not sue Palantir, or its executives.
Spotify is a music streaming service, currently valued at approximately $8.1 billion after its last round of equity funding in 2015. The company also raised $1 billion in convertible debt during early 2016. Sources following the company indicate Spotify is scheduled to go public in the second half of 2017.
Univision was taken private during 2007. The Spanish-language broadcaster purchased all of Gawker’s sites except the main site, which faced an infamous legal battle with former professional wrestler Hulk Hogan.
The company actually filed for an IPO back in 2015, but things just did not pan out. Market conditions will determine whether Univision decides to IPO in 2017, or not.
The identity-management startup Okta recently listed a job opening on LinkedIn for an assistant controller position to help with the company’s “pre and post-IPO financial reporting environment.” Okta’s valuation was about $1.3 billion after its most recent round of funding in 2015. According to Okta’s website, there have been several key executive hires in 2016. Multiple signs are pointing towards an IPO sooner, than later.