Time to face facts: the 2012 IPO pipeline is pretty much shut down. The very best startups are already eyeing 2013 for IPOs. Right now, there is very little interest from both private equity and venture capital pros in bringing companies to public markets, in part because of the so-called fiscal cliff the US hopes politicians in Washington can avoid, but also owing to global instability. It could be that all of the ’12 IPO class is already out. As our Mark Boslet reported earlier, enterprise deals absolutely dominated VC-backed companies brought to public markets this year. To get us started, peHUB dives into Thomson Reuters data and breaks down the biggest enterprise startups (by valuation) to hit public markets over 2012.
Workday went public in October and blew the doors right off, making itself one of the biggest IPOs for the enterprise space—not only because of its $8 billion valuation as of Friday, but for its 75% day-one pop after it went public. Shares dipped in early November, but the cloud services startup for HR and employee management has roared back, likely pleasing VCs including NEA and Greylock.
Image Credit: Workday
Image Credit: Shutterstock.com