甲子光年科技产业研究报告500份07-报告金融科技cb insightsthe 2018 tech ipo pipeline.pdfVIP

First, a look at the tech IPO market… 1. Fewer tech IPOs as companies stay private longer 2. Meanwhile, MA isn’t picking up the slack 3. Instead, mega-rounds allow companies to stay private 4. Big private equ y funds mega-rounds: Vista, SoftBank #IPOPIPELINE 6 The median time between first funding and IPO for US VC-backed tech companies that went public in 2013 was 6.9 years #IPOPIPELINE 7 The median time between first funding and IPO for US VC-backed tech companies that went public in 2017 YTD was 8.9 years 2017 YTD is through 12/4/2017 #IPOPIPELINE 8 IPOs of VC-backed US tech companies US tech IPOs rebound in 2012 – 2017 YTD (12/04/2017) 2017, but remain below 2014 peak So far in 2017 YTD, IPOs by venture cap al- backed US tech companies have already outpaced those in all of 2016 by 54%. These include consumer tech