Software, Web Firms May Dominate 2014’s IPOs [Jan. 2, 2014]
By Michael Farrell
For the state’s tech workers who wear lab coats, 2013 was a big year. Ten Massachusetts biotech companies debuted on Wall Street. Now, it’s the tech workers in T-shirts’ turn.
At least a dozen Boston-area software and Web companies are poised to go public in 2014, taking advantage of a surging stock market where shares of major technology companies are climbing to new heights.
These won’t be wet-behind-the-ears startups, either. Last year’s IPO market featured many very young biotech companies, but the class of 2014 will probably include many seasoned tech companies, with established customer bases and profits, to boot.
Those getting ready for the public stage include some of the area’s fastest-growing and best-known Web companies, such as Wayfair LLC, a Boston-based seller of home goods, Care.com Inc., a Waltham company that has built a marketplace for dog walkers and home health care nurses, and Karmaloop Inc., an e-commerce company that sells urban streetware.
Lesser-known software companies also appear to be gearing up. There’s the software company Acquia Inc., which earlier this year hired the former top financial officer of Buddy Media Inc., a New York startup that fetched $736 million from Salesforce.com Inc. in 2012. And the cybersecurity firm Veracode Inc. brought on seasoned executive Ed Goldfinger, who helped take Zipcar public in 2011.