IPO Watchlist: The enterprise SaaS unicorns most likely to go public

Instacart and Klaviyo's public listings last week signaled the partial reopening of the IPO market for venture-backed tech companies.

Klaviyo's stock popped to $36.75 in its NYSE debut, above its IPO price of $30. The developer of a marketing automation platform with large and fast-growing revenue, Klaviyo was a near-perfect IPO candidate from investors' points of view. Which companies might be next in the pipeline isn't so clear.

Here are the US venture-backed enterprise SaaS unicorns most likely to follow in Klaviyo's footsteps to an IPO. The list was created using PitchBook's VC Exit Predictor, which calculates exit probability using a machine learning model that is fed historic and real-time data on private company exits. The predictor draws from 34 inputs related to company characteristics, financing and investors.
    Correction: This list was updated to remove mention of sales and marketing company 6sense after new information changed the company's IPO probability score.  (Oct. 3, 2023)

Featured image by Spencer Platt/Getty Images

This article originally appeared on PitchBook News