With all the excitement surrounding Snap Inc.'s (SNAP) successful IPO on March 2, investors are eagerly anticipating the next public offering by a big tech unicorn. Snap raised $3.4 billion in its IPO, making it the largest IPO since Alibaba (BABA) in 2014.
After watching Snap's stock price rise 44% during its market debut on Thursday, plus another 10% on Friday, other companies may be more eager to go public. Recently, companies have been scared off by the dry spell for tech IPOs, as well as by the lackluster reception to some tech stocks. Investors were especially turned off by Square (SQ) raising less than half its private valuation in its IPO in November 2015.
"If (Snap) holds its IPO value for the next 30 days, that creates a positive aura around those companies thinking about going public over the next six to 12 months," Rohit Kulkarni, managing director and head of research at private securities investment outfit SharesPost, told TheStreet.
To give you an idea of who those other companies might be, TheStreet has compiled a list of the top 10 companies listed on the "Unicorn List" of private companies valued at $1 billion or more, created by venture capital database CB Insights.
