IPOs in the Global Technology, Media, and Telecoms Sector – Thematic Research

Between 1 January 2018 and 30 June 2020, 539 technology, media, and telecom (TMT) companies have floated their shares, raising $154bn in equity capital. The US and China have dominated the market, accounting for a combined 60% of total IPO proceeds in 2018, increasing to 80% in 2019, and 96% in the first half of 2020.

Scope

This report provides an overview of initial public offering (IPO) activity in the global TMT market between 1 January 2018 and 30 June 2020.

It assesses the impact of COVID-19 on the TMT IPO market.

It identifies the top 10 themes driving TMT IPOs during the identified period. These include ecommerce, mobile, fintech, cloud, and the Internet of Things (IoT).

Key Highlights

Between 1 January 2018 and 30 June 2020, the four themes that generated the highest IPO returns for investors were cybersecurity, collaboration tools, big data, and cloud. By contrast, the themes behind the big IPO flops during this period were batteries, education technology (edtech), 3D printing, and blockchain.

Reasons to buy

Over the last two-and-a-half years, a clear trend has emerged in the IPO market for the TMT sector. Mature technologies like ecommerce and mobile have been associated with the most successful capital raisings, while early stage technologies like electric vehicles, batteries, and 3D printing have been distinctly unsuccessful in attracting capital. GlobalData has analyzed more than 500 TMT IPOs to identify those themes that are driving IPO returns.

In addition, this report highlights promising IPOs planned for the second half of 2020.

Companies mentioned

Softbank Corp

Alibaba

Uber

China Tower

Foxconn Industrial Internet

Meituan Dianping

Jd.com

NetEase

TeamViewer

Lyft

PagSeguro

iQIYI

Warner Music Group

Pinduoduo

ADT

Pinterest

China Railway Signal & Communication

Network International Holdings

StoneCo

SmileDirectClub

Mercari

Peloton

Chewy

Good doctor (Ping An Healthcare And Technology Co Ltd)

Adyen

Tradeweb Markets

Tencent Music

GreenSky

Dropbox

ZoomInfo

Farfetch

Zoom Video Communications

Bilibili

Nexi

DouYu International Holdings

Airtel Africa

Avast

DocuSign

CrowdStrike

Datadog

Beijing Roborock Technology

Change Healthcare

Kingsoft Office

Ceridian HCM Holding

China Resources Microelectronics

Dynatrace

Cloudflare

Gongniu

Table of Contents

TMT IPO Market: Review of 2018, 2019, and H1 2020

The impact of COVID-19 on the TMT IPO market

Top 10 themes driving TMT IPOs

Methodology

Glossary

Appendix: Our thematic research methodology

    Pricing

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