5 Most Successful Tech IPOs of 2021

2. Informatica Inc. (NYSE:INFA)

Number of Hedge Fund Holders: N/A    

Gain in 2021: 24%

Informatica Inc. (NYSE:INFA) owns and runs an artificial intelligence platform for management of data at enterprise level. Informatica Inc. (NYSE:INFA) raised more than $800 million at the IPO in late October 2021, fetching a valuation of nearly $8 billion. Informatica Inc. (NYSE:INFA) has continued to register impressive gains since then, climbing to a market capitalization of close to $10 billion within a few weeks of the initial offering. 

Informatica Inc. (NYSE:INFA) posted earnings for the third quarter in late November, reporting earnings per share of $0.23, beating estimates by $0.06. The revenue over the period was $361 million, up 10% year-on-year. 

On December 9, investment advisory Macquarie initiated coverage of Informatica Inc. (NYSE:INFA) stock with an Outperform rating and a price target of $40. Analyst Frederick Havemeyer issued the ratings update.