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| 1 | Dec-20 | RealPage | $10,200 | 9.5x | $1,070 | $180 | 17% | 19% | PE | Thoma Bravo | 35% |
| 2 | Jan-21 | Slack | $27,700 | 33.3x | $833 | -$238 | -29% | 46% | Strategic | Salesforce | 17% |
| 3 | Jan-21 | Change Healthcare | $13,010 | 7.9x | $1,650 | $285 | 17% | 3% | Strategic | United Healthcare | 20% |
| 4 | Mar-21 | Talend | $2,400 | 8.7x | $276 | -$55 | -20% | 17% | PE | Thoma Bravo | -3% |
| 5 | Apr-21 | Proofpoint | $12,300 | 11.7x | $1,050 | $1 | 0% | 18% | PE | Thoma Bravo | 18% |
| 6 | Jun-21 | Cloudera | $5,300 | 6.1x | $869 | -$31 | -4% | 9% | PE | KKR and CD&R | 6% |
| 8 | Aug-21 | Cornerstone | $5,200 | 6.5x | $800 | $151 | 19% | 36% | PE | Clearlake Cap | 55% |
| 9 | Nov-21 | McAfee | $14,000 | 4.5x | $3,080 | $482 | 16% | 0% | PE | Advent | 16% |
| 10 | Jan-22 | Citrix | $16,500 | 5.2x | $3,180 | $613 | 19% | -3% | PE | TIBCO/Vista | 16% |
| 11 | Mar-22 | Anaplan | $10,700 | 18.1x | $592 | -$172 | -29% | 33% | PE | Thoma Bravo | 3% |
| 12 | Apr-22 | Datto | $6,200 | 9.3x | $665 | $113 | 17% | 19% | Strategic | Kaseya | 36% |
| 13 | May-22 | Mimecast | $5,800 | 10.1x | $575 | $105 | 18% | 18% | PE | Permira | 36% |
| 14 | May-22 | Vmware | $61,000 | 4.7x | $12,850 | $3,040 | 24% | 7% | Strategic | Broadcom | 31% |
| 15 | Aug-22 | Ping Identity | $2,800 | 8.9x | $315 | -$55 | -18% | 26% | PE | Thoma Bravo | 8% |
| 16 | Aug-22 | Avalara | $8,400 | 10.6x | $789 | -$107 | -14% | 23% | PE | Vista | 10% |
| 17 | Oct-22 | KnowBe4 | $4,500 | 15.6x | $289 | $17 | 6% | 36% | PE | Vista | 41% |
| 18 | Oct-22 | UserTesting | $1,300 | 7.5x | $174 | -$58 | -33% | 28% | PE | Thoma Bravo | -5% |
| 19 | Nov-22 | Zendesk | $10,200 | 6.7x | $1,520 | -$173 | -11% | 31% | PE | Hellman & Friedman | 20% |
| 20 | Nov-22 | ChannelAdvisor | $635 | 3.7x | $171 | $21 | 12% | 12% | Strategic | CommerceHub | 24% |
| 22 | Dec-22 | Coupa | $8,000 | 10.2x | $786 | -$119 | -15% | 22% | PE | Thoma Bravo | 7% |
| 23 | Feb-23 | Sumo Logic | $1,700 | 5.7x | $301 | -$110 | -37% | 20% | PE | Francisco Partners | -17% |
| 24 | Mar-23 | Qualtrics | $12,500 | 9.0x | $1,390 | -$1,010 | -73% | 39% | PE | Silver Lake and CPP | -34% |
| 26 | Jul-23 | New Relic | $6,500 | 7.0x | $926 | -$135 | -15% | 18% | PE | Francisco Partners | 3% |
| 27 | Aug-23 | ForgeRock | $2,300 | 12.2x | $188 | -$56 | -30% | 30% | PE | Thoma Bravo | 0% |
| 29 | Sep-23 | Splunk | $28,000 | 7.5x | $3,730 | -$12 | 0% | 23% | Strategic | Cisco | 23% |
| 30 | Oct-23 | Engagesmart | $4,000 | 11.0x | $364 | $43 | 12% | 23% | PE | Vista | 35% |
| 32 | Jan-24 | Ansys | $35,000 | 15.4x | $2,269 | $626 | 28% | 10% | Strategic | Synopsys | 38% |
| 34 | Feb-24 | Altium | $5,808 | 22.1x | $263 | $96 | 37% | 16% | Strategic | Renesas | 52% |
| 36 | Apr-24 | Hashicorp | $6,400 | 11.0x | $583 | -$254 | -44% | 23% | Strategic | IBM | -21% |
| 38 | Jun-24 | PowerSchool | $5,600 | 8.0x | $698 | $130 | 19% | 11% | PE | Bain Capital | 29% |
| 39 | Jul-24 | WalkMe | $1,500 | 5.6x | $269 | -$41 | -15% | 20% | Strategic | SAP | 4% |
| 40 | Jul-24 | Instructure | $4,800 | 8.6x | $557 | $182 | 33% | 13% | PE | KKR and Dragoneer | 46% |
| 41 | Sep-24 | SmartSheet | $8,400 | 8.4x | $1,000 | -$85 | -9% | 22% | PE | Blackstone & Vista | 14% |
| 42 | Oct-24 | SquareSpace | $7,200 | 6.5x | $1,110 | $114 | 10% | 24% | PE | Permira | 34% |
| 44 | Jan-25 | Enfusion | $1,500 | 7.7x | $195 | $18 | 9% | 15% | Strategic | Clearwater Analytics | 24% |
| 45 | Feb-25 | SolarWinds | $4,400 | 5.6x | $784 | $264 | 34% | 5% | PE | Turn/River Capital | 39% |
| 46 | May-26 | AvidXchange | $2,200 | 5.0x | $439 | $34 | 8% | 15% | PE | TPG | 23% |
| 47 | May-25 | Informatica | $8,000 | 4.9x | $1,640 | $275 | 17% | 3% | Strategic | Salesforce | 20% |
| 48 | Jun-25 | Couchbase | $1,500 | 7.2x | $210 | -$78 | -37% | 16% | PE | Haveli | -21% |
| 49 | Jul-25 | Olo | $2,000 | 6.7x | $299 | -$17 | -6% | 23% | PE | Thoma Bravo | 17% |
| 50 | Aug-25 | MeridianLink | $2,000 | 6.3x | $320 | $50 | 16% | 5% | Strategic | Centerbridge | 21% |
| 51 | Dec-25 | Confluent | $11,000 | 10.3x | $1,065 | -$374 | -35% | 23% | Strategic | IBM | -12% |
| 52 | Apr-26 | Onestream | $6,400 | 11.2x | $571 | -$134 | -23% | 20% | PE | HG | -3% |
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| | Median | $6,200 | 8.0x | $698 | $1 | 0% | 19% | | | 19% |
| | Average | $9,183 | 9.3x | $1,179 | $82 | -3% | 19% | | | 17% |
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