Recent Bay Area IPOs Send Positive Sign For 2021 Real Estate Market

 
We have long said that with Silicon Valley is moving north to San Francisco Lamorinda real estate prices will benefit as now it is a viable commute option for today's "new-tech" workforce. CNBC’s Upstart 100, its annual list of the 100 most promising start-ups around the world has 33 Bay Area companies on the list. Of these 33 companies, 22 are in San Francisco or the East Bay. With the recent rebound in the stock market many Bay Area companies have gone public and in turn, unlocked liquidity for potential homebuyers. San Mateo’s cloud-based data-warehousing startup Snowflake went public last week as the largest software IPO of record and is now valued at over $66 billion. All this recent success and minting of new millionaires certainly sends a positive signal for our 2021 Spring market.
 

Below is a list of recent Bay Area IPOs:

 
  • Annexon - San Francisco
  • JFrog – Sunnyvale
  • Nurix Pharmaceuticals – San Francisco
  • ORIC Pharmaceuticals - San Francisco
  • Pliant Therapeutics - San Francisco
  • Snowflake – San Mateo
  • Sumo Logic – Redwood City
  • Unity – San Francisco
 

In addition, several other Bay Area tech firms are rumored to go public in the near future including:

 
  • Airbnb – San Francisco
  • Asana – San Francisco
  • McAfee – Santa Clara

INTEGRITY. TRANSPARENCY. SERVICE.

With consistently over $100 million annual transactions, $1 billion lifetime transactions the Martin Homes Team is your go-to team for all things Lamorinda Real Estate. With four generations in Lafayette, and also licensed general contractors, they provide unparalleled customer service, preparation, and transparency throughout the entire buying or selling process.