Three IPOs are on the calendar for this week and all come from the tech sector. The “Amazon of Africa” and a cyber-security unicorn will make for an interesting week.
It won’t be the most “impactful” week as all three deals this week are seeking less than $200m in cash if each deal was to price at their respective mid-points.
The ‘Amazon of Africa’, Jumei Technologies AG (JMIA), is a platform that consists of their marketplace, which connects sellers with consumers, their logistics service, which enables the shipment and delivery of packages from sellers to consumers, and their payment service, which facilitates transactions among participants active on their platform in selected markets.
With a mid-point pricing, JMIA will be valued at roughly $1.2bn.
PagerDuty Inc (PD) acts as the central nervous system for the digital enterprise. PagerDuty harnesses digital signals from virtually any software-enabled system or device, combines it with human response data, and orchestrates teams to take the right actions in real time.
Their platform collects signals from virtually any software-enabled system or device, correlates and interprets signals to identify events, and engages the right team members to take action in real time. They mine machine data and human response data to embed analytics, machine learning, and automation within our platform. Their platform learns from every incident, allowing teams to be proactive and incorporate best practices into their operations to improve performance.
With a high-end pricing, PagerDuty Inc would be valued at $1.8bn.
Tufin Software Technologies (TUFN) describes itself as pioneering a policy-centric approach to security and IT operations.
Their products govern how individuals, systems and applications are permitted to communicate and provide policy-based security automation, enabling customers to reduce the time to implement complex network changes from days to minutes. Their solutions increase business agility, eliminate errors from manual processes and ensure continuous compliance through a single console.
Tufin Software Technologies would be seeking a $430 million market cap if the offering prices at the midpoint of the range.
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