Tags: IPO | 2013 | likely | investment

Fortune: Top 10 IPOs for 2013

Wednesday, 02 Jan 2013 12:42 PM

By John Morgan

Fortune magazine scoured the 2013 investment landscape and came up with 10 likely initial public offerings (IPOs) that could attract the attention of financial markets.

The list is drawn from Fortune’s interviews with analysts, venture capitalists and investment bankers who follow IPOs closely.

1. Twitter – The social media behemoth has resisted IPO speculation, but eMarketer predicts 2013 revenues for the company of $545.2 million, a high level of success that could induce an offering.

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2. Violin Memory – It manufactures flash memory and high-speed storage systems and is one of the “big data” firms used by Oracle and Cisco Systems. It has already filed for an IPO.

3. Square – Its electronic payment application is helping credit card companies expand their ties with small merchant businesses. Its 2013 valuation is as high as $5.5 billion.

4. Xoom – Fortune said its sources confirmed Xoom, an online money transfer service that competes with Western Union, has already filed for an IPO. Customers used Xoom to transfer nearly $3 billion during the company’s latest fiscal year.

5. Dropbox – It provides free storage to consumers of photos, documents and video files. Dropbox says it has 100 million users, and its valuation is estimated at $4 billion.

6. Arista Networks – On the small side, Arista is a computer networking company that, according to its CEO, has doubled its revenue each year since launching in 2008.

7. Box – Box offers cloud-based content management and file sharing services. It has nearly doubled its workforce in the past year to 650 employees.

8. Marin Software – It provides an online advertising management platform to customers to maximize ad dollars. Marin has opened 11 offices worldwide.

9. Kabam – The company provides hard-core games on mobile, web and Facebook to more than 4 million users per month. The firm says it will end 2012 with $150 million in revenue.

10. Opower – It provides utility companies with cloud-based software aimed at reducing energy waste.

Dow Jones’ VentureWire reported that IPOs in the United States began to dwindle toward the end of 2012, noting that there were only eight venture-backed IPOs in the fourth quarter, the lowest since 2009. But the annual total still reached 50, the most in a year since 2007.

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