Here Are 10 Hot Private Companies That You May be Able to Buy Stock in Soon

After the successful IPO of Snapchat parent company Snap ( SNAP) in March and Blue Apron ( APRN) last month, many have wondered when the next unicorn to go public will be. We've gotten some hints (and some explicit information) on some of the companies that are household names, but we're still clamoring for more.
 
In the first of 2017, 52 companies went public in the U.S., raising $11 billion, according to institutional research firm Renaissance Capital, which tracks initial public offerings. The average IPO gained 13% from its offering price, with companies in the technology and consumer spaces leading. Though Blue Apron cut the price of its offering on fears of Amazon's ( AMZN) intention to buy Whole Foods ( WFM) would affect the business, Renaissance noted the offering "was another sign that billion-dollar tech companies will come public when the need for capital outweighs the fear of valuation pushback."
 
As such, Renaissance added that even though companies have delayed their IPOs for a number of reasons, there is "a building backlog and a strong IPO market have set up a strong base for the 2H17."
 
Using data from Renaissance Capital, we're pointing to these ten companies that could be the next hot technology companies to go public.
 
More of What's Trending on TheStreet :
 
 

Airbnb
Airbnb

Airbnb, which is worth nearly $30 billion after its latest funding round, has helped revolutionize the travel industry. Led by Brian Chesky, Airbnb takes a 3% cut of each booking. According to Fortune, it had nearly $900 million in revenue in 2015.
 
At the Economic Club in March, Chesky hinted that the company was on a path to go public. "We are working on making sure the company is ready to go public, and I've said it was a two-year project," Chesky noted according to CNBC, adding that the company was "probably about halfway through that project, as far as just being ready to go public."

Dropbox
Dropbox

 
Dropbox, the file-sharing giant, has also been mentioned as a candidate to eventually go public.
 
In March, it secured a $600 million credit line from several different banks, which is often a precursor to going public. It's also been rather chatty about the state of its finances, another sign it's thinking about an offering. CEO Drew Houston said in April the company was profitable on an EBITDA basis. He added that the company was "charting a path to being a thriving public company," while previously talking about it being cash flow positive.
 
Houston has said publicly that in order to "build a great public company, you want to build a great company first," neither confirming nor denying the rumors the company would eventually list its shares.
 

Palantir
Palantir

A company most known for being secretive, Palantir has hinted it too could go public.
 
In an interview in late 2016, CEO Alex Karp said the company is positioned so it could go public, noting the "aggregate business" would be profitable in 2017.
 
Co-fouded by Peter Thiel, Palantir is a data mining company and has several contracts with the U.S. government, including the FBI and CIA. According to Crunchbase, In-Q-Tel, the CIA's venture capital arm, invested in Palantir. In addition to working with the government, the company also works with big corporations to better understand their data and how their customers are interacting with the company. But several media reports, including one from Buzzfeed in May 2016, highlight that the company has lost several major clients, including Coca-Cola ( KO) and American Express ( AXP) .

Spotify
Spotify

 With Spotify recently announcing it has more than 50 million paid subscribers, the speculation about a public listing of its shares have reached a frenzy level. But it may not be in the manner many are accustomed to.
 
CNBC recently reported that Spotify may eschew a traditional initial public offering and just list its shares directly on an exchange, sometime between the fourth quarter of 2017 and the first quarter of 2018. Since the shares are already traded on the secondary markets, it would allow investors to buy shares on the open markets, with no set predetermined initial price.
 
Revenues for the company -- which competes with Apple Music, Pandora and Amazon Music -- are healthy, with Recode reporting Spotify topped $3 billion in 2016. However, losses are also rising, with operating losses of $390 million and a net loss of $601 million in 2016, as royalty payments to music labels continue to rise.

Ancestry.com
Ancestry.com

 In March, Ancestry.com had been weighing going public, according to Bloomberg. In June, it filed, according to Fortune.
 
The company, which sells DNA kits and online access to its website, went private in 2012, being taken out by private equity firms Permira and Silver Lake Partners.
 
According to Permira, Ancestry.com has more than 16 billion records and 68 million family trees. 

AppNexus
AppNexus

AppNexus is a platform that allows for automated bidding and trading of online ads and is another company that looks likely to go public in 2017.

In November 2016, The Wall Street Journal reported AppNexus filed to go public, which could value the company between $1.5 and $2 billion.

Pret A Manger
Pret A Manger

A sandwich shop known for its organic sandwiches and coffee, Pret A Manger's owners, Bridgeport Advisers, could be looking to take it public this year, according to Bloomberg.

"As a committed shareholder in Pret, we are always exploring appropriate opportunities to ensure the future growth of the company," Bridgeport told CNBC, when asked about a potential offering. "If such opportunities materialize, we will update the market."

Pret saw U.S. sales rise 14% to $200 million in 2016. 

Newmark Grubb
Newmark Grubb

One of New York City's largest real estate services unit, Newmark Grubb Knight Frank is slated to go public before the end of the year. BGC Partners CEO Howard Lutnick made the announcement last month at an investment conference, according to Reuters.

In February, BGC said it had confidentially submitted a proposed IPO on Newmark Grubb to the Securities and Exchange Commission.

CarGurus
CarGurus

CarGurus, an online car classified website, is also slated to go public later this year.

According to a report in Reuters, the company is looking to go public in the fourth-quarter of 2017, at a valuation of more than $1 billion.

CarGurus is similar to Yelp or TripAdvisor in that customers post reviews of their online car shopping experience. It generates revenue from the car dealerships who post their inventory on the company's website, posting everything from cars to sport utility vehicles to pickup trucks.

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