2017 Venture-Backed IPO Market Analysis: Growth Over Profitability

In the first five months of 2017, nine venture-backed technology companies went public, with seven gaining an average of 29% since IPO pricing. B2B companies dominated by market cap ($9.8B) despite fewer consumer winners, though Snap alone represented 96% of the $27B consumer market cap. The market demonstrated strong preference for revenue growth over profitability, with no companies profitable and a median net income margin of -28%.