A stock trader wearing a mask walks near social distancing signs the day a new IPO is launched at the New York Stock Exchange as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 27, 2020 in New York City. The fourth phase allows outdoor arts and entertainment, sporting events without fans and media production.The software business is on fire. This is going to be by far the biggest year for software IPOs in history.
Unity Software does software for 3-D games. Half of the top online games use this platform, and the CEO came fromSumo Logic also does data analysis, but a very specific type. Kathleen Smith from Renaissance Capital calls it "log management." They help study how customers interact with a company's website.With a tsunami of software IPOs at high prices comes the usual worries that valuations are getting out of control.
How long can that go on? "You have two potential outcomes," Kennedy said. "You can follow Datadog, which increased profitability while maintaining growth. Or you could go the way of Cloudera or Slack, both of which did not get more profitable as growth slowed."
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