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#HOUZZ IPO 2021 SOFTWARE#
#HOUZZ IPO 2021 PROFESSIONAL#

Kraken is currently valued at around $4 billion but this could rise to $20 billion after its next funding round. The company is reportedly tied between having a traditional IPO or using a special-purpose acquisition company (SPAC), although it may have too high of a value for the latter and therefore, it would be more likely consider a direct listing.

Kraken IPO: American cryptocurrency exchange Kraken is expected to debut its shares on the stock market in 2022, being the second US-based crypto stock to register on an exchange.

BrewDog's IPO could value the company at over £1 billion. The company previously announced its plans in 2018 but has been waiting for the right time to debut its shares to the public.

Brewdog IPO: Craft-beer brewer BrewDog is a British company that has repeated its plans for an IPO on the London Stock Exchange at some point in 2021.

Reports say that TikTok's parent company is looking at an IPO within the next year, where the company will be listed on a Chinese or Hong Kong-based exchange.

ByteDance IPO: ByteDance is the owner of popular Chinese social media and video app TikTok, which has already been valued at around $50 billion, despite being a private company.

Reddit's IPO comes at a convenient time for the company, after traders of the forum sparked a rally in January 2021 of shorted stocks such as Gamestop and AMC, causing a short squeeze for the former company. The current value of the company is around $6 billion and it plans to expand the business even further with the funding that it receives from the IPO, which may occur in 2021.

Reddit IPO: Online social network and message board Reddit has just hired its first CFO as it prepares go public on the stock market.

Alternatively, an increasing number of businesses are choosing to use a special-purpose acquisition company (SPAC) as it may offer a slightly cheaper and quicker process. However, as long as the business can meet the listing requirements for a specific market and prove their potential for future profit, they can also qualify for an IPO. In general, companies can register for an upcoming IPO after reaching a market capitalisation of $1bn, which is the same for a ‘unicorn company’. These are usually a higher value and therefore, they will profit from the relative returns that were expected. When the company goes public, the private shareholders’ shares will value at the same price as the public share.

A company that is planning an IPO will select underwriters to manage their financial risk, and chooses a stock exchange in which to feature their newly public shares. Houzz’s offerings include a furniture marketplace, editorial content, data-based reports, software, and more, and its goals with its IPO raise questions on the company’s next big move.An initial public offering (IPO) happens when shares of a previously private company are offered to the public on a stock exchange.

When Houzz laid off 180 employees in January 2019, a source also shared that it was a move to slash costs in order to beef up profit prior to going public. Though Wong departed Houzz in November 2020, leaving the position vacant. Wong assisted LinkedIn with its IPO, ultimately leaving the company with the title of “IPO of the Year” but IR magazineand more than $5 billion in revenue. Talks about a Houzz IPO first occurred in 2018 when the company poached former LinkedIn exec Richard Wong as its first chief financial officer.

#HOUZZ IPO 2021 PROFESSIONAL#

And CEO Adi Tatarko previously stated Houzz experienced a 60% growth in homeowners seeking professional services on the platform in 2020.

#HOUZZ IPO 2021 SOFTWARE#

Instead, the company launched its software tool: Houzz Pro. In addition to laying off staff, Houzz executives took a pay cut, and the company halted its plans for a furnishings line. Just as the housing and remodeling industries boomed in response to the pandemic, so has Houzz, despite laying off 10% of its employees, or 155 staff members at the start of the pandemic. The company has raised more than $650 million in private funding since its creation in 2009, says Reuters. Houzz’s last round of private funding in 2017 resulted in a $4 billion valuation. Companies go public in order to raise capital unavailable to them as private companies, welcoming outside investors and, ultimately, shifting how the business operates and positioning it for expansion. The IPO date is subject to change, the source says, as it depends on market conditions. The source told Reuters that Houzz hired Goldman Sachs to prep the company’s initial public offering (IPO), set for early 2022. A future of expansion may be in Houzz’s future as a source shared details on the online remodeling platform’s upcoming plans for entry into the stock market.