5 Most Successful Tech IPOs of 2021

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1. Samsara Inc. (NYSE:IOT)

Number of Hedge Fund Holders: N/A    

Gain in 2021: 13%

Samsara Inc. (NYSE:IOT) operates as an application software firm. The firm markets products that increase the safety of global cloud-based operations. For example, some of the products that Samsara Inc. (NYSE:IOT) offers in this regard include video-based safety, vehicle telematics, apps and driver workflows, and equipment monitoring, among others. These products are powered by artificial intelligence.

Samsara Inc. (NYSE:IOT) products are used across a wide range of industries, including healthcare, transportation, and utilities. Samsara Inc. (NYSE:IOT) raised $805 million at the initial public offering in 2021, trading at the top of the IPO price range and fetching a valuation of around $12 billion.

Analysts expect Samsara Inc. (NYSE:IOT) stock to climb in the coming years as the firm operates in a niche market within the software industry and spending in the sector was accelerating amid the larger backdrop of digitization.

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