I was researching Xero for an article and saw that it IPO'd within year 1.
It's very unusual. Usually, it takes 8-10 years to go public and up to 9 months to prepare for IPO.
I've decided to research if there any other examples like that and found a few:<p>1/ Xero: accounting soft
• Founded: 2006
• IPO: 2007
It IPO'ed soon because it needed $15M for growth, but there wasn't any VC ecosystem in New Zealand yet.
Today's revenue: $880M<p>2/ Lotus Software. Famous for Lotus 1-2-3 spreadsheet application.
• Founded: 1982
• IPO: 1983
It did $50M in sales in its first year, and IPO'd to fund its growth. In 1995, IBM acquired it for $3.5B<p>3/ Axovant: Biotech
• Founded by Vivek Ramaswamy in 2014
• IPO: 2015
The company bought an old Alzheimer's drug from GSK for $5M. They raised $350M in the IPO, assuring the drug is a life-saver.
But the drug failed, so the stock crashed by 99%.<p>4/ Netscape: browser
• Founded: 1994
• IPO: 1995
It took Netscape 10 months after their product launch (16 months from founding) to IPO. In 1998, AOL acquired it for $4.2B
Some say, Jim Clark, the co-founder, IPO'd soon because he wanted to build a big yacht. It's gorgeous, btw.<p>5/ Vici Properties: Real estate investment firm
• Founded: 2017
• IPO: 2018
They own & operate 124M sq ft. properties, including casinos, restaurants, bars, and more.
Today's revenue: $3.3B<p>6/ MGM Growth Properties: Real Estate Investment firm
• Founded: 2015
• IPO: 2016
It had a whole or majority ownership of 15 properties. In 2022, Vici Properties acquired it for $17.2 B<p>7/ Intrepid Potash: chemical manufacturing
• Founded: 2007
• IPO: 2008
They luckily raised $960M just before the 2008 global financial stock crash.
Market Cap: $340M (overall, the stock is down by 95%)<p>8/ Chimera Investment: Real estate investment firm
• Founded: June 2007
• IPO: November 2007
They raised $499.5M and today's revenue is only $92M,
Overall, the stock is down by 92%.