Thursday, February 22, 2024

"IPO Watchlist: European unicorns most likely to list" (incl. Northvolt; Graphcore)

From PitchBook, February 16:

Europe had its worst year for VC-backed IPOs in over a decade due to volatility in the public markets and poor performance from recent listings.

Only 28 companies listed on a stock exchange, raising a total of €1.4 billion ($1.5 billion), according to PitchBook’s 2023 Annual European Venture Report. But as inflation and interest rates come down and the public markets start to stabilize, more VC-backed companies may be getting their ducks in a row with an eye to listing in the near future.

Here are the European VC-backed unicorns most likely to go public. The list was created using PitchBook’s VC Exit Predictor, which calculates exit probability using a machine learning model that is fed historical and real-time data on private company exits. The predictor draws from 34 inputs related to company characteristics, financing and investors....

....MUCH MORE

We've been keeping an eye on Graphcore for eight years. Here's a 2019 post that refers back to that simpler era:
In November 2016 we headlined a post Artificial Intelligence: What Could Derail NVIDIA? A Lab in Shenzhen; A Basement in Moscow; An Office in Bristol (NVDA).
Bristol?...

Graphcore was the "Office in Bristol".
A year later: "Sequoia Backs Graphcore as the Future of Artificial Intelligence Processors" (NVDA; INTC):
Huh.
Sometimes you get lucky...

They (and Intel) still haven't surpassed NVIDIA but are nipping at the big dog's heels.

And Northvolt? A lot of posts.