IPOs for wearable tech companies? | Wearable Tech Watch


IPOs for wearable tech companies?

August 14, 2013   All wearables, Smart wristbands, Smartwatches   7 Comments

According to AllThingsD, Fitbit has raised a further $43m in a fourth round of funding. The privately-held company hasn’t gone public on what it will spend the money on – but “our founders, Eric and James”, are no doubt putting the finishing touches to their next step in their plan for world domination.

Interesting to note that the early leaders in wearable tech, namely Fitbit, Jawbone and Pebble, are all privately-held. I’m wondering who will be first in the race to their IPO.

/WTW

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7 Responses to IPOs for wearable tech companies?

  1. Forrest says:August 14, 2013 at 11:44 pm

    Will they go public, or is it better to maintain control over a company you start?

    Reply

    • Simon Jones says:August 14, 2013 at 11:56 pm

      Great question. The initial pressure to IPO is high, because the investors want a return on their money – if you accept VC funding, then it’s usually inevitable that you’re going to IPO or get swallowed by a mega-corp.

      Reply

      • Forrest says:August 15, 2013 at 12:02 am

        Interesting. That makes perfect sense. I worked for a company that took VC and there was talk about an IPO, but they kept it very quiet and wouldn’t tell us anything about it … the tech manager said he hoped we stayed private, and I always thought the conflicting opinions were a bit weird. I think you just filled in the missing piece of the puzzle for me. 😉

        Reply

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