MNTN and Hinge Health recently had successful IPOs, with MNTN focusing on performance advertising for Connected TV and Hinge Health providing software for musculoskeletal injuries and rehabilitation.
Hinge Health and MNTN IPO'd at $500 million and $260 million in ARR respectively, both experiencing around 50% YoY growth, which is essential for a successful B2B IPO.
Recent IPOs in the tech market have outperformed the historical average, with top performers like Rubrik, Astera Labs, and ServiceTitan showing significant returns.
Key learnings from recent IPOs include the importance of infrastructure software, challenges in identity/security software, struggles faced by niche B2B tools for scale, the impact of timing and market conditions, and the significance of clear revenue models.