Automattic Could Go Public In 2016 [↗]
Automattic, the company behind WordPress.com, is among 36 “unicorns” that could go public in 2016, CB Insights said in a report released yesterday.
The 2016 Tech IPO Pipeline states there are more than 80 private tech companies in the U.S. currently valued at $1 billion or more, and notes that Automattic is among the 36 companies with the greatest momentum.
Automattic joined the billion-dollar club in 2014 when it raised $160 million in Series C Funding, which raised its valuation to $1.16 billion. Along with Automattic, “the unicorn club” includes other well-known, fast-growth companies, such as Airbnb, Snapchat, GitHub, Slack, and Uber.
Interesting, mostly because it could be argued that Automattic has built its business around the GNU General Public License.