What might this IPO mini-boom mean for our region? In terms of the broader community, publicly traded companies usually provide some stability in employment opportunities and career pathways. Over time, publicly traded companies are often supporters of a wide variety of community-based initiatives and organizations.
In more established tech hubs, a mix of companies going public and exiting at large valuations has typically served as a tipping point for those regions in terms of startup ecosystems. IPOs tend to create broad-based wealth-building opportunities among employees of those companies. Those exits then seed the startup landscape with entrepreneurs who have some experience and financial runway to start new businesses, investment money to support new ventures, and experienced tech professionals to help those new startups scale and grow.
Is this recent IPO mini-boom the inflection point that the region’s tech community has been waiting for? Is it the start of a trend or an outlier? We’ll soon find out.
Founded 16 years ago, Puppet helps companies manage data centers and large computer networks. At the end of 2020, Puppet CEO Yvonne Wassenaar announced that the Portland-based company was on a path to go public in 2021.