Nature is Therapeutic
Salesforce is now value > $200 Billion once more pic.twitter.com/9v29wRsFNY
— Jason ✨Be Sort✨ 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 final top-tier tech IPO to exit.
It’s been quiet since then, and while many top SaaS startups have now crossed $200m ARR, they’re all ready till 2024 to IPO. So it probably shall be 24+ months of a closed IPO window for SaaS and most tech shares.
It’s not all dangerous information. Nasdaq has really had a fairly good 12 months, and lots of Cloud and SaaS leaders have seen their inventory costs run up 20%, 30% or extra this 12 months. Salesforce has crossed a $200 Billion market cap once more.
Nevertheless it probably shall be 2+ years that the SaaS IPO window may have been closed. That’s a very long time from the IPO-a-Day we noticed on the peak in 2021.
