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The 2021 tech IPO pipeline is filled with high-growth cloud stocks — as long as the market holds up – CNBC

As stocks rally and tech companies line up to go public, the IPO market for 2021 includes a dozen or more issuers that could each raise at least $1 billion.



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(This story is for CNBC PRO subscribers only.)
Snowflake is by far the most valuable company in the 2020 IPO class, sporting a market cap of over $73 billion. As tech investors look to 2021, they may not see another Snowflake, but they’ll find plenty of fast-growing enterprise companies on the horizon.
According to venture capitalists and tech bankers, at least a dozen companies could raise $1 billion or more each in IPOs next year, though some may choose to go public through direct listings. The…

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