BRD’s co-founders say nothing will be changing for BRD users for the time being.  Their wallets will continue to operate normally and the user “funds are safe and secure.” The Coinbase Wallet tweeted:

“The team brings deep expertise in self-custody for crypto wallets, which will help Wallet enable more people to safely and securely access the decentralized world of crypto.”

BRD raised a venture capital funding, banking nearly $55 million in venture funding from firms like SBI Crypto Investment and East Ventures. Meanwhile Coinbase and BRD did not reveal terms of the acqui-hire.

US companies alone raised a record $435 billion in stock sales in 2020, with more than a quarter of that figure coming from IPOs. The vast majority of those new listings defined themselves as technology companies. Cloud-based software firms like Zoom, Snowflake, Asana, Airbnb, and Palantir all performed particularly well, and continue to see their stock price flourish as remote work and e-commerce continue to be the norm for many into 2021.

The question now is whether this trend will continue through the year. There are a host of companies eying an early debut in 2021 to take advantage of favourable conditions. But, as with all market debuts, timing will be everything, with a number of industry analysts increasingly warning of a bubble.

Here are the biggest technology IPOs of the year so far.

Thoughtworks

Software consultancy Thoughtworks had a strong IPO in September when shares rose 24% on its Nasdaq debut. The stock opened at $26, well above its expected range of $18 to $20, valuing the company at nearly $9 billion. Founded in Chicago in 1993, Thoughtworks was a contributor to the growing popularity of agile methodologies in software development thanks to employees like Martin Fowler and Jim Highsmith. It counts companies such as Kroger, Daimler, and PayPal as customers.

ForgeRock

Identity software maker ForgeRock had a solid debut when it was listed on the New York Stock Exchange on Sept. 16, with shares rising by as much as 46%. The San Francisco-based company saw its shares listed at $25, which was above its expected range of $21 to $24, before closing at $36.50. That places the company’s value at just shy of $3 billion.

Couchbase

NoSQL database specialist Couchbase saw its stock price jump by as much as 39% on its July 22 market debut, valuing the company at more than $1 billion. Initially priced at $24 a share on the Nasdaq exchange, stock in the company jumped to $33.25 a share on its first day of trading, up 38.5%, before settling closer to $30 at the end of the day. Couchbase provides managed NoSQL database services and competes with the likes of Oracle and MongoDB, which had its own blockbuster IPO in 2017 and now boasts a market cap value of $23 billion.

Wise

UK fintech success story Wise floated on the London Stock Exchange on July 7 as a direct listing —meaning no new shares were sold — at a starting price of £8 ($11) per share before rising 10% to £8.88 during its first day of trading. That put the company’s value at £8 billion ($11 billion) \ making it the biggest ever tech float on the LSE. Founded by two Estonians and formerly known as TransferWise, the fintech firm is best known for its online international money transfer and cross border payments services.

SentinelOne

Cybersecurity firm SentinelOne closed its June 30 debut on the New York Stock Exchange up 20% at $42.50 per share, well above its expected range of $31 to $32 per share — valuing the company at $10 billion. That far surpassed rival firm CrowdStrike’s blockbuster $6.7 billion debuts in 2019.

Founded in Israel and now based in California, SentinelOne specializes in endpoint security, using machine learning techniques to combat cyberattacks under its Singularity platform product. It competes with the likes of UK-based Darktrace, which also floated this year, and CrowdStrike. SentinelOne had raised $267 million on a $3.1 billion valuation just last November but still runs at a loss, posting a net loss of $64 million in the last quarter.

Confluent

Confluent floated at $36 per share on June 23, well above its listing price range of $29 to $33 a share, valuing the company at $9 billion. The Mountain View, CA-based company provides customers with an enterprise version of the popular open-source Kafka streaming data platform. The technology is used by retailers, automotive makers, banks, and other enterprises to gain faster insights into their business than traditional “data at rest” analytical approaches, and by app developers as a way to power performant event-driven applications.

Sprinklr

Customer experience software maker Sprinklr priced its shares at $16 at its IPO in June, below its target range of $18 to $20, valuing the company at $4 billion. Best known for its social media management, advertising, and content marketing tools, Sprinklr counts some of the biggest brands in the world as clients. It had revenues of $387 million for the latest financial year at a net loss of $41 million.

Monday.com

Israeli workplace management software maker Monday.com floated on the Nasdaq on June 10 at $155 a share, rising to $174 on the first day of trading. That puts the company value at $7.6 billion. The cloud-based platform allows companies to create customizable project management tools and competes with the likes of Trello and Asana, the latter of which had a market cap of $10 billion at the time of the IPO.

ZipRecruiter

Online job search engine ZipRecruiter floated via a direct listing on the New York Stock Exchange in May, with the stock jumping 17% to $21 a share, valuing the company at $2.4 billion.

Squarespace

Website builder Squarespace floated on the New York Stock exchange via a direct listing in May, with the stock falling 13% on debut to $43.65 per share, valuing the company at $6.4 billion — well below expectations. Founded in 2003 by Anthony Casalena as a blog out of his University of Maryland dorm room, the website building and hosting firm is well known to podcast listeners everywhere as its ads became ubiquitous with the medium. The company has also been consistently profitable, pulling in a net income of $30.6 million in the last financial year.

SUSE

The rumours were true. EQT, the Swedish-based private equity firm, spun out the Linux distributor SUSE in a May IPO on the Frankfurt exchange. The debut itself was fairly muted, with the stock climbing just above its €30 issue price, valuing the company at €5 billion ($6.1 billion).

Having established itself as an enterprise Linux specialist, SUSE has evolved with the times, now focusing on helping customers navigate the container era, a shift which culminated with the acquisition of Kubernetes specialist Rancher Labs in July 2020.

Darktrace

UK cybersecurity company Darktrace floated on the London Stock Exchange in April, with shares rising by as much as 43% to £3.58 on the first day of trading. That’s up from its guide price of £2.50, giving the company a value of around £2.4 billion. Founded in 2013 by a group of mathematicians and ex-Intelligence agents, the Cambridge-based firm uses machine learning techniques to analyze enterprise data to help detect and respond to cyber security threats. It generated revenue of almost $200 million in revenue in its latest financial year, running a small profit of $9 million.

PensionBee

UK-based Fintech company PensionBee successfully floated on the London Stock Exchange on April 21, pricing shares at £1.65, somewhere in the middle of its pre-IPO range of £1.55-£1.75. That put the company’s value at £365 million. The core PensionBee product allows customers to consolidate various pensions into a single plan, accessible through web and mobile apps.

UiPath

UiPath closed its first day of trading on the New York Stock Exchange at $69 on April 21, up 23% from its guide price of $52-$54 and valuing the software company at $35.8 billion. The company last raised $750 million in Series F funding in February 2021, at a post-money valuation of $35 billion. UiPath specializes in Robotic Process Automation (RPA) software, which promises to do away with repetitive menial tasks to free up employee time. Customers include the likes of Cleveland Clinic, which used UiPath software to register patients attending COVID-19 testing sites and automatically print labels.

Coinbase

Coinbase, the company behind the popular cryptocurrency exchange, floated on the Nasdaq on April 14, with shares jumping by as much as 71% on debut, up from its reference price of $250. The stock closed its first day at $328.28, valuing the company at $85.8 billion; that’s more than double the market cap of Swiss mining giant Glencore or America’s oldest bank BNY Mellon. Coinbase opted for a direct listing instead of a traditional IPO, where no new shares are created and no underwriters are involved. Coinbase made $1.3 billion in revenue in its last financial year — up from $534 million the previous year — turning a profit of $322 million in 2020 after losing $30 million in 2019, according to a filing with US securities regulators.

Coursera

Online learning platform Coursera debuted on the New York Stock Exchange on March 31, closing at $45 which was up 36% from its debut price, valuing the company at $5.9 billion. Founded in 2012 by former two computer science professors, Coursera has become a leader in online learning, a market that boomed during the COVID-19 pandemic.

DigitalOcean

DigitalOcean had a disappointing float on the New York Stock Exchange on March 24, with its stock sinking 9.6% on its first day. The New York-based cloud firm initially priced its IPO at $47, which was on the top end of the expected range of $44 to $47. It closed its first day at $42.50 a share, valuing the company at $4.5 billion. DigitalOcean promises a simple platform for software developers to quickly spin up and host applications in the cloud on virtual private servers (VPS).

Trustpilot

Reviews website Trustpilot floated on the London Stock Exchange on March 23, where its stock surged by as much as 11% on debut, hitting £2.95 a share, up from its offer price of £2.65 ($3.65). That puts the company value at £1.1 billion. The Danish firm collates independent reviews for online businesses and counts as many as 120 million reviews by the end of 2020, for everything from utility providers to yoga studios. It makes money by selling subscriptions to businesses that want to engage with consumer reviews in their marketing campaigns.

Olo

Food-ordering software maker Olo raised $450 million in an initial public offering on March 17. The New York-based SaaS company sold 18 million shares at $25 each, above its pre-IPO range of $20 to $22, valuing the company at $3.55 billion. Olo software powers loyalty programs and allows restaurants to manage orders and menus and currently counts a range of US-based customers including Five Guys, California Pizza Kitchen, and The Cheesecake Factory.

Qualtrics

Utah-based software company Qualtrics went public on Jan. 28, just two years after its $8 billion acquisition by German software giant SAP on the eve of its first planned IPO in 2018. Qualtrics initially priced its IPO at $30 per share, which was the top end of its expected range, before popping a massive 52% on its Nasdaq debut. It closed at $45.50 a share, valuing the firm at $27.3 billion. Qualtrics started life as an online survey software provider before growing into a platform for large companies like Disney, BMW and Adidas to collect a variety of “experience data” from employees and customers.

“As the workforce becomes more flexible, people’s expectations are changing about where and how they work. We are seeing a growing need for innovative technology to support a new way of identifying, onboarding, engaging, and even delivering pay and benefits to workers. We plan to use the new funding to realize our vision to become the new infrastructure for the future of work and continue our mission to build a fairer future.”

In all, Checkr has raised $550 million creating a leading technology company known for its API first products that support tens of thousands of customers in a variety of hiring use cases. Checkr has achieved and maintained profitability while continuing its rapid growth at a scale of several hundreds of millions of dollars in revenue per year. Corey Shull, Partner of Durable Capital Partners LP, noted:

“We’ve been impressed by the upward trajectory of Checkr, which we believe is well-positioned to grow even larger and scale its business. As the world shifts to a flexible workforce with more contractors and contingent labour, Checkr is unique in its ability to provide solutions that enable employers to expand and onboard talent quickly and securely. We’re excited to partner with Checkr as it pursues its strategy for long-term sustainable growth.”

Rich Wong, Accel Partner, also commented:

“Businesses face a fast-changing environment in competing for the best talent, and we are proud to be continued investors behind the Checkr team in solving the challenges companies tackle in recruiting and screening for the best candidates. In addition, beyond the incredible growth and progress over the last seven years, we believe that Checkr’s mission of delivering fair chance hiring will create greater opportunities for all candidates.”

Checkr leverages automation to process over 30 million background checks annually using artificial intelligence to make them faster, easier, more accurate and compliant. Customers, large and small, including Lyft, Instacart, Netflix, Adecco, Airbnb, Drift, and Coinbase use Checkr to modernize their background check process and make hiring more efficient and inclusive.

Apple has seen a clear opportunity to offer a buying and selling mechanism for cryptocurrencies, a move that would allow the company to immediately gain a market share. Companies like Square and PayPal along with Coinbase, have all validated the exchange model as a real business. What would be in benefit of Apple is that the company has a strong security ecosystem.

For example, PayPal has climbed with 40% since it announced it would allow customers to buy and sell cryptocurrencies directly from their accounts. Also, we know what happened with Tesla on Monday and how it reflected on the market – the stock price of the electric cars maker grew with 1.3% and Bitcoin itself jumped with 16%. So the Apple decision is completely logical and we can expect more of the Big Tech companies to get involved with cryptocurrencies.

The RBC report even suggested that Apple could attract users to the service by buying 1 billion dollars in Bitcoin itself, more or less like Tesla did.

RBC analyst Mitch Steves said that such an initiative would require a limited R&D spend from Apple with potential to raise more than $40bn in annual revenue.

Apple getting involved in cryptocurrency could also make USA a leader in the crypto industry in the coming decades which would further the mainstreaming of Bitcoin by giving the cryptocurrency grounds for government support.