4 IPOs That Could Put New York's Startup Scene On The Map
While Silicon Valley tends to take most of the credit for up-and-coming, successful start-ups, a culture of creativity and innovation has been brewing in New York City. This year’s rumored IPOs could prove that NYC really does have it all.
Etsy Coming Soon
Brooklyn-based Etsy Inc. is looking to raise around $300 million in an IPO that could take place as early as this quarter.
The company offers a platform for artists and crafters to sell their products for a 3.5 percent commission, but generates most of its revenue from ad sales. The site could be the biggest tech IPO to emerge from New York in more than 15 years.
Vice Media Flush With Cash
Vice Media’s success in reaching the younger generation has made the company an attractive candidate to partner with a big name cable company or go at it alone with an IPO in 2015. The company has been valued at around $2.5 billion, and CEO Shane Smith said he thinks margins have the potential to grow by 10 percent.
AppNexus Popular In The Rumor Mill
Rumors that AppNexus will go public this year have been heating up since September, when ad agency WPP bought a 15 percent stake in the company for $25 million. AppNexus has become the largest independent ad tech firm, making it a good candidate for a 2015 IPO.
Designer Duds Propel Gilt Toward IPO
Gilt Groupe Inc. has been rumored to be working on an IPO since last spring, but the company has yet to move forward with its plans. The online retailer of discounted luxury goods from clothing to furniture relies on flash sales that offer designer items at low prices.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.