Technology
Companies Gone Public in 2021: Visualizing IPO Valuations
Companies Gone Public in 2021: Visualizing Valuations
Despite its many tumultuous turns, last year was a productive year for global markets, and companies going public in 2021 benefited.
From much-hyped tech initial public offerings (IPOs) to food and healthcare services, many companies with already large followings have gone public this year. Some were supposed to go public in 2020 but got delayed due to the pandemic, and others saw the opportunity to take advantage of a strong current market.
This graphic measures 68 companies that have gone public in 2021 — including IPOs, SPACs, and Direct Listings—as well as their subsequent valuations after listing.
Who’s Gone Public in 2021?
Historically, companies that wanted to go public employed one main method above others: the initial public offering (IPO).
But companies going public today readily choose from one of three different options, depending on market situations, associated costs, and shareholder preference:
- Initial Public Offering (IPO): A private company creates new shares which are underwritten by a financial organization and sold to the public.
- Special Purpose Acquisition Company (SPAC): A separate company with no operations is created strictly to raise capital to acquire the company going public. SPACs are the fastest method of going public, and have become popular in recent years.
- Direct Listing: A private company enters a market with only existing, outstanding shares being traded and no new shares created. The cost is lower than that of an IPO, since no fees need to be paid for underwriting.
The majority of companies going public in 2021 chose the IPO route, but some of the biggest valuations resulted from direct listings.
Listing Date | Company | Valuation ($B) | Listing Type |
---|---|---|---|
08-Jan-21 | Clover Health | $7.0 | SPAC |
13-Jan-21 | Affirm | $11.9 | IPO |
13-Jan-21 | Billtrust | $1.3 | SPAC |
14-Jan-21 | Poshmark | $3.0 | IPO |
15-Jan-21 | Playtika | $11.0 | IPO |
21-Jan-21 | Hims and Hers Health | $1.6 | SPAC |
28-Jan-21 | Qualtrics | $15.0 | IPO |
09-Feb-21 | Metromile | - | SPAC |
11-Feb-21 | Bumble | $8.2 | IPO |
26-Feb-21 | ChargePoint Holdings | - | SPAC |
03-Mar-21 | Oscar Health | $7.9 | IPO |
10-Mar-21 | Roblox | $30.0 | Direct Listing |
11-Mar-21 | Coupang | $60.0 | IPO |
23-Mar-21 | DigitalOcean | $5.0 | IPO |
25-Mar-21 | VIZIO | $3.9 | IPO |
26-Mar-21 | ThredUp | $1.3 | IPO |
31-Mar-21 | Coursera | $4.3 | IPO |
01-Apr-21 | Compass | $8.0 | IPO |
14-Apr-21 | Coinbase | $86.0 | Direct Listing |
15-Apr-21 | AppLovin | $28.6 | IPO |
21-Apr-21 | UiPath | $35.0 | IPO |
21-Apr-21 | DoubleVerify | $4.2 | IPO |
05-May-21 | The Honest Company | $1.4 | IPO |
07-May-21 | Lightning eMotors | $0.82 | SPAC |
07-May-21 | Blade Air Mobility | $0.83 | SPAC |
19-May-21 | Squarespace | $7.4 | Direct Listing |
19-May-21 | Procore | $9.6 | IPO |
19-May-21 | Oatly | $10.0 | IPO |
26-May-21 | ZipRecruiter | $2.4 | Direct Listing |
26-May-21 | FIGS | $4.4 | IPO |
01-Jun-21 | SoFi | $8.7 | SPAC |
02-Jun-21 | BarkBox | $1.6 | SPAC |
08-Jun-21 | Marqueta | $15.0 | IPO |
10-Jun-21 | Monday.com | $7.5 | IPO |
16-Jun-21 | WalkMe | $2.5 | IPO |
22-Jun-21 | Sprinklr | $3.7 | IPO |
24-Jun-21 | Confluent | $9.1 | IPO |
29-Jun-21 | Clear | $4.5 | IPO |
30-Jun-21 | SentinelOne | $10.0 | IPO |
30-Jun-21 | LegalZoom | $7.0 | IPO |
30-Jun-21 | Didi Chuxing | $73.0 | IPO |
16-Jul-21 | Blend | $4 | IPO |
21-Jul-21 | Kaltura | $1.24 | IPO |
21-Jul-21 | DISCO | $2.5 | IPO |
21-Jul-21 | Couchbase | $1.4 | IPO |
23-Jul-21 | Vtex | $3.5 | IPO |
23-Jul-21 | Outbrain | $1.1 | IPO |
28-Jul-21 | Duolingo | $3.7 | IPO |
28-Jul-21 | Riskified | $3.3 | IPO |
29-Jul-21 | Robinhood | $32.0 | IPO |
22-Sep-21 | Toast | $22.0 | IPO |
22-Sep-21 | Freshworks | $10.1 | IPO |
23-Sep-21 | Remitly | $6.9 | IPO |
28-Sep-21 | Amplitude | $6.4 | Direct Listing |
29-Sep-21 | Warby Parker | $6.0 | Direct Listing |
14-Oct-21 | GitLab | $11.0 | IPO |
27-Oct-21 | Rent the Runway | $1.7 | IPO |
29-Oct-21 | Udemy | $4.0 | IPO |
03-Nov-21 | Allbirds | $2.2 | IPO |
04-Nov-21 | NerdWallet | $1.2 | IPO |
10-Nov-21 | Rivian | $66.5 | IPO |
10-Nov-21 | Expensify | $2.2 | IPO |
11-Nov-21 | Winc | - | IPO |
11-Nov-21 | Weave | - | IPO |
17-Nov-21 | UserTesting | - | IPO |
17-Nov-21 | Braze | $6.0 | IPO |
18-Nov-21 | Sweetgreen | $3.0 | IPO |
09-Dec-21 | Nubank | $41.0 | IPO |
Though there are many well-known names in the list, one of the biggest through lines continues to be the importance of tech.
A majority of 2021’s newly public companies have been in tech, including multiple mobile apps, websites, and online services. The two biggest IPOs so far were South Korea’s Coupang, an online marketplace valued at $60 billion after going public, and China’s ride-hailing app Didi Chuxing, the year’s largest post-IPO valuation at $73 billion.
And there were many apps and services going public through other means as well. Gaming company Roblox went public through a direct listing, earning a valuation of $30 billion, and cryptocurrency platform Coinbase has earned the year’s largest valuation so far, with an $86 billion valuation following its direct listing.
Big Companies Going Public in 2022
As with every year, some of the biggest companies going public were lined up for the later half.
Tech will continue to be the talk of the markets. Payment processing firm Stripe was setting up to be the year’s biggest IPO with an estimated valuation of $95 billion, but got delayed. Likewise, online grocery delivery platform InstaCart, which saw a big upswing in traction due to the pandemic, has been looking to go public at a valuation of at least $39 billion.
Of course, it’s common that potential public listings and offerings fall through. Whether they get delayed due to weak market conditions or cancelled at the last minute, anything can happen when it comes to public markets.
This post has been updated as of January 1, 2022.
AI
Visualizing the Top U.S. States for AI Jobs
Nearly 800,000 AI jobs were posted in the U.S. throughout 2022. View this graphic to see a breakdown by state.

Visualizing the Top U.S. States for AI Jobs
Much ink has been spilled over fears that artificial intelligence (AI) will eliminate jobs in the economy. While some of those fears may be well-founded, red-hot interest in AI innovation is creating new jobs as well.
This graphic visualizes data from Lightcast, a labor market analytics firm, which shows how many AI-related jobs were posted in each state throughout 2022.
In total there were 795,624 AI jobs posted throughout the year, of which 469,925 (59%) were in the top 10. The full tally is included in the table below.
Rank | State | Number of job postings | % of total |
---|---|---|---|
1 | California | 142,154 | 17.9% |
2 | Texas | 66,624 | 8.4% |
3 | New York | 43,899 | 5.5% |
4 | Massachusetts | 34,603 | 4.3% |
5 | Virginia | 34,221 | 4.3% |
6 | Florida | 33,585 | 4.2% |
7 | Illinois | 31,569 | 4.0% |
8 | Washington | 31,284 | 3.9% |
9 | Georgia | 26,620 | 3.3% |
10 | Michigan | 25,366 | 3.2% |
11 | North Carolina | 23,854 | 3.0% |
12 | New Jersey | 23,447 | 2.9% |
13 | Colorado | 20,421 | 2.6% |
14 | Pennsylvania | 20,397 | 2.6% |
15 | Arizona | 19,514 | 2.5% |
16 | Ohio | 19,208 | 2.4% |
17 | Maryland | 16,769 | 2.1% |
18 | Minnesota | 11,808 | 1.5% |
19 | Tennessee | 11,173 | 1.4% |
20 | Missouri | 10,990 | 1.4% |
21 | Oregon | 10,811 | 1.4% |
22 | Washington, D.C. | 9,606 | 1.2% |
23 | Indiana | 9,247 | 1.2% |
24 | Connecticut | 8,960 | 1.1% |
25 | Wisconsin | 8,879 | 1.1% |
26 | Alabama | 7,866 | 1.0% |
27 | Kansas | 7,683 | 1.0% |
28 | Arkansas | 7,247 | 0.9% |
29 | Utah | 6,885 | 0.9% |
30 | Nevada | 6,813 | 0.9% |
31 | Idaho | 6,109 | 0.8% |
32 | Oklahoma | 5,719 | 0.7% |
33 | Iowa | 5,670 | 0.7% |
34 | South Carolina | 4,928 | 0.6% |
35 | Louisiana | 4,806 | 0.6% |
36 | Kentucky | 4,536 | 0.6% |
37 | Nebraska | 4,032 | 0.5% |
38 | Delaware | 3,503 | 0.4% |
39 | New Mexico | 3,357 | 0.4% |
40 | Rhode Island | 2,965 | 0.4% |
41 | New Hampshire | 2,719 | 0.3% |
42 | Hawaii | 2,550 | 0.3% |
43 | Mississippi | 2,548 | 0.3% |
44 | Maine | 2,227 | 0.3% |
45 | South Dakota | 2,195 | 0.3% |
46 | Vermont | 1,571 | 0.2% |
47 | North Dakota | 1,227 | 0.2% |
48 | Alaska | 970 | 0.1% |
49 | West Virginia | 887 | 0.1% |
50 | Montana | 833 | 0.1% |
51 | Wyoming | 769 | 0.1% |
The following chart adds some context to these numbers. It shows how the percentage of AI job postings in some of the top states has changed since 2010.
We can see that California quickly became the primary destination for AI jobs in the early 2010s, presumably as Silicon Valley companies began developing the technology.
California’s share has since declined, with a significant number of jobs seemingly moving to Texas. In fact, many tech companies are relocating to Texas to avoid California’s relatively higher taxes and cost of living.
The 10 Most In-Demand Specialized Skills
Lightcast also captured the top 10 specialized skills that were required for AI-related jobs. These are listed in the table below.
Skill | Frequency (number of postings) | Frequency (% of postings) |
---|---|---|
Python | 296,662 | 37% |
Computer Science | 260,333 | 33% |
SQL | 185,807 | 23% |
Data Analysis | 159,801 | 20% |
Data Science | 157,855 | 20% |
Amazon Web Services | 155,615 | 19% |
Agile Methodology | 152,965 | 19% |
Automation | 138,791 | 17% |
Java | 133,856 | 17% |
Software Engineering | 133,286 | 17% |
If you’re interested in a career that focuses on AI, becoming proficient in Python is likely to be a good first step.
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