< Key Hightlight >

A detailed presentation analyzing the key themes driving IPOs in the tech, media, and telecom (TMT) sector. It includes a review of activity since January 2018 and a look ahead to IPOs planned for 2021.

Scope

This report provides an overview of initial public offering (IPO) activity in the global TMT market between 1 January 2018 and 31 December 2020. 

It assesses the impact of COVID-19 on the TMT IPO market. 

It identifies the top 10 themes driving TMT IPOs during the identified period. These include ecommerce, mobile, fintech, cloud, and the Internet of Things (IoT).

Key Highlights

Between 1 January 2018 and 31 December 2020, a clear trend has emerged in the TMT sector's IPO market. Mature technologies like ecommerce and mobile have been associated with the most successful capital raisings. Measured by IPO proceeds, these themes accounted for almost half of the total TMT IPO market proceeds. 

Cutting edge technologies like fintech, cloud, and the internet of things (IoT) have been moderately successful in raising capital. 

By contrast, early stage technologies like 3D printing, blockchain, and quantum computing have been distinctly unsuccessful in attracting capital through equity listings.

Reasons to buy

2020 saw significant challenges and uncertainties for financial markets. The two largest economies were already locked in a trade war, and the world was then hit by a global pandemic, for which most countries were poorly prepared. The global economy falling into recession and the impact of the US presidential election made the outlook even more uncertain. These economic and geopolitical factors had an impact on the initial public offering (IPO) market for the tech, media, and telecom (TMT) sector. 

This report analyzes TMT IPO activity in 2020, compares it against 2018 and 2019, and provides an outlook for 2021.

Companies mentioned

Nanofilm Technologies 

Converge ICT 

LINK Mobility 

Shanghai Holy Star Info Tech 

Anker Innovations Technology 

Transsion Holdings 

Airtel Africa PLC 

SoftBank Corp 

China Tower Corp Ltd 

Xiaomi Corp 

DoorDash 

Airbnb 

Allegro 

The Hut Group 

KE Holdings Inc. 

JD.com 

Alibaba Group Holding 

Uber Technologies Inc 

Lyft Inc 

Meituan Dianping 

Lufax 

Multiplan 

Kaspi.kz 

GoHealth 

Network International Holdings 

Tradeweb Markets Inc 

StoneCo Ltd 

Adyen NV 

GreenSky Inc 

Pagseguro  

Ming Yuan Cloud 

Snowflake 

Rackspace Technology 

ZoomInfo 

Vertiv Holdings 

Beijing Kingsoft Office Software Inc 

Softwareone Holding AG 

Datadog Inc 

Ceridian HCM Holding Inc 

Dropbox Inc 

Hensoldt 

VeriSilicon Microelectronics 

Maxvision Technology Corp 

China Resources Microelectronics 

Vivint 

Arlo 

Appotronics Corp Ltd 

Sonos Inc 

Foxconn Industrial Internet Co Ltd 

ADT Inc 

JD Health 

GoodRx 

American Well (Amwell) 

Accolade 

1Life Healthcare Inc. 

SmileDirectClub 

Health Catalyst Inc 

Livongo Health Inc 

Change Healthcare Inc 

Good doctor (Ping An Healthcare And Technology Co Ltd) 

Skillz 

Corsair Gaming 

Unity Software 

Kakao Games 

Archosaur Games 

NetEase, Inc. 

Draftkings Inc 

China Mobile Games & Entertainment Group Ltd (CMGE Technology) 

SciPlay Corp 

Codemasters Group Holdings Plc 

Romeo Power 

XL Fleet 

Canoo 

QuantumScape 

Lordstown motors 

Hyliion 

XPeng 

Li Auto 

Fisker 

Nikola 

Fujian Foxit Software Development Joint Stock 

Agora 

Warner Music Group Corp. 

Three’s Company Media Group 

China Bright Culture Group 

Nitro Software Inc 

Hitevision Co Ltd 

Tencent Music Entertainment Group 

Spotify Technology SA 

Bilibili 

Telos 

McAfee 

Qi An Xin Technology 

Ping Identity Holding Corp 

CloudFlare Inc 

CrowdStrike Holdings Inc 

Tenable Holdings Inc 

Avast Plc 

DocuSign Inc 

Zscaler Inc 

Qualtrics 

Playtika 

Robinhood 

Roblox 

Chime 

Affirm 

17zuoye 

UiPath 

Instacart 

Bumble 

ThredUp 

Siwei Zaowu 

Baosheng Media Group 

Galaxycore 

Ant Group 

DiDi Chuxing 

TikTok Global 

Flipkart 

Universal Music Group 

Krafton 

Vodafone Towers 

JD Logistics 

DataBricks 

Coursera 

Royole 

DarkTrace 

Nextdoor 

Compass 

Zhangmen 

PolicyBazaar 

Bird (Bird Rides) 

Graphcore 

DataRobot 

Yanolja 

Zomato 

Robocash 

Peperfry 

Paysafe 

SoFi 

Arrival 

E2Open 

ChargePoint 

Aeva 

AvePoint 

Microvast 

BarkBox 

View 

Sports Data 

Indie Semiconductor 

Innoviz Technologies 

Electric Last Mile 

Stem 

Metromile 

Skillsoft