Tipalti Customers are Going IPO!
This year, many companies have entered the pipeline and conquered the unprecedented, virtual landscape, proving that conquering unknown territories is possible.
These organizations have a common theme: they utilize AP automation through Tipalti on their way to IPO.
They encompass strategic initiatives, implement robust tech stacks, and streamline work complexities into one automated, central location. Crunchbase News has recognized the following Tipalti customers who recently went going public:
Hims and Hers— First day of trading: January 8, 2021
Healthcare Tech
Listed on NYSE as HIMS
SPAC proceeds: $280 million, valuation $7 billion, according to Forbes
Hims and Hers offers a modern approach to personal wellness. Its products were initially aimed towards men’s health issues but have since added products for women. You can find FDA-approved treatment for hair, skin, mental health care, and more. Their hands-on approach lets users ask questions, get a customized treatment plan, and receive products directly through the mail.
Roblox—Direct listing: March 10, 2021
Gaming
Listed on NYSE as RBLX
Reference price: $45, Valuation $30 billion
The global online gaming platform enables users to program games and play games by other users. Roblox is a testament to making lemonade, its rise during the pandemic is astounding. COVID-19 supercharged its growth with kids staying home, and they were able to communicate with peers through Roblox games.
Applovin—IPO date: April 15, 2021
Mobile-Tech
Listed on NYSE as APP
IPO Price: $80
Gaming apps are loving Applovin. This mobile tech powerhouse grows apps, so gaming startups can focus on what matters: growing their following and engaging with their gamers. Applovin provides companies with opportunities to maximize their visibility to its users, engage with them, and leverage their app interface.
Ziprecruiter—IPO date: May 26, 2021
Online Business Services
Listed on NYSE as ZIP
IPO Price: $18
The pandemic led to a skyrocketing increase in unemployment and anxiety. Ziprecruiter has been sound assurance that jobs are available in unprecedented times. Thanks to Ziprecruiter, users’ job search isn’t a full-time job; Ziprecruiter does the work.
Barkbox— First day of trading: June 2, 2021
eCommerce
Listed on NYSE as BARK
SPAC proceeds: $545 million
SPAC valuation: $1.6 billion
Is your dog your first child? Barkbox is a subscription-based online retailer that provides dog products and services. They give monthly themed gift boxes with treats and toys, which is eerily like a gift basket you’d see for children. Themes include NBA, WWE, and holiday boxes.
Outbrain—IPO date: July 23, 2021
Adtech
Listed on NYSE as OB
IPO price: $20
The leading recommendation platform on your favorite media, Outbrain powers discovery feeds so you can connect with consumers on the open web. This platform converts users into customers and active engagers. This company has rocked the AdTech industry, and for their organization that is now IPO, the only direction is up.
Duolingo—IPO date: July 28, 2021
Ed-Tech
Listed on NYSE as DUOL
IPO Price: $102
Pittsburgh’s milestone in its growing startup scene is an EdTech unicorn. Duolingo has quickly become the primary source of language education. They have so many languages to learn from, for free, such as Swedish, Navajo, Latin, and even Yiddish. Have a longstanding desire to speak High Valyrian? They have that too. It’s no surprise that Duolingo has reached IPO; it’s quickly become a global favorite.
Beyond the Crunchbase article, several more customers that implemented Tipalti went public this year. These companies are:
ironSource—First day of trading: June 29, 2021
Mobile Tech
Listed on NYSE as IS
SPAC Proceeds: $2.15 billion in cash, valuation $11.1 billion
The app economy powerhouse, ironSource, has been an instrumental architect of mobile app development. Providing platforms and tools for analytics, conversion, user monetization,
and software optimization, ironSource leaves no stone left unturned. It is one of the first mobile companies to provided augmented reality ads for the gaming industry.
Cazoo Group Ltd.—IPO date: August 27, 2021
Online Car Retailer
Listed on NYSE as CZOO
IPO Price: $10
Cazoo Group Ltd. fuels from two vital elements: customers and data. It gifts its customers with a quick and efficient car buying experience. Enabling customers to buy, finance, or lease a car entirely online, their results-driven efforts have driven them to viral success. Within 72 hours of ordering, you can have your new family car rolling into your driveway.
Toast, Inc—IPO date: September 21, 2021
ResTech
Listed on NYSE as TOST
IPO Price: $40
Since its commencement in 2012, the POS startup Toast, Inc has rocked the restaurant world. They cover most managerial functions, such as scheduling, clocking in and out, reservations, and POS. In 2018, Toast introduced its POS handheld device to the American market, a sanitary asset to restaurants during the pandemic. They run restaurants smarter, which is why it’s no mystery Toast reached a public offering.
Amplitude—Direct listing: September 28, 2021
Software
Reference price: $35, Valuation $4.5 billion
Listed on NYSE as AMPL
For the innovative companies that disrupt the digital marketplace, they choose Amplitude for optimization. As the #1 company in Product Analytics, Amplitude helps companies improve business outcomes by showing its customers how digital products drive success.
If you’d like to learn more about preparing your business for the public markets, visit Tipalti’s Destination IPO—your one-stop for expert tips, tricks, and strategies to ensure a successful Initial Public Offering and beyond.
