Nature is Healing
Salesforce is now worth > $200 Billion again pic.twitter.com/9v29wRsFNY
— Jason ✨Be Kind✨ Lemkin (@jasonlk) June 27, 2023
The SaaS markets peaked in December 2021, and so did SaaS IPOs. Per CNBC, HashiCorp in December 2021 was the last top-tier tech IPO to go out.
It’s been quiet since then, and while many top SaaS startups have now crossed $200m ARR, they’re all waiting until 2024 to IPO. So it likely will be 24+ months of a closed IPO window for SaaS and most tech stocks.
It’s not all bad news. Nasdaq has actually had a pretty good year, and many Cloud and SaaS leaders have seen their stock prices run up 20%, 30% or more this year. Salesforce has crossed a $200 Billion market cap again.
But it likely will be 2+ years that the SaaS IPO window will have been closed. That’s a long time from the IPO-a-Day we saw at the peak in 2021.
