These 4 tech IPOs will raise more than $1B next week

At some point, this year became a long-running waiting game for those looking out for technology companies that are going public.

Several fast-growing privately held tech companies, from Box to Dropbox, from Cloudera to Uber, have postponed the rush to public markets by taking on huge funding rounds this year, surprising observers again and again. But those people can breathe a sigh of relief next week, when four tech companies will finally hold initial public offerings.

These companies might not be the most profitable ones around at the moment, but it might be a good idea to give them some time. As investor Tom Tunguz pointed out in a blog post this week, cloud-software companies that have gone public this year “pop” once they become publicly traded.

Here’s some information on the expected tech IPOs coming up this week.

New Relic

Description: Cloud-based application performance management and software analytics company.
Stock symbol: NEWR on the New York Stock Exchange
Proposed maximum aggregate offering price: $115 million
Proposed maximum offering price per share: $20
Most recent annual revenue: $63.1 million (for year ending on March 31)
Most recent annual net loss: $40.2 million (for year ending on March 31)
Headquarters: San Francisco
Employees: 534 (as of Sept. 30)
Most recent regulatory filing: Dec. 1

Hortonworks

Description: A seller of a distribution of the Hadoop open-source software for storing and processing lots of different types of data.
Stock symbol: HDP on the Nasdaq
Proposed maximum aggregate offering price: $96.6 million
Proposed maximum offering price per share: $14
Most recent annual revenue: $10.9 million (for year ending on April 30, 2013)
Most recent annual net loss: $36.6 million (for year ending on April 30, 2013)
Headquarters: Palo Alto, Calif.
Employees: 524 (as of Sept. 30)
Most recent regulatory filing: Dec. 1

Lending Club

Description: A marketplace for borrowers and investors that facilitates peer-to-peer loans.
Stock symbol: LC on the New York Stock Exchange
Proposed maximum aggregate offering price: $796.2 million
Proposed maximum offering price per share: $12
Most recent annual revenue: $98 million (for year ending on Dec. 31, 2013)
Most recent annual net income: $7.3 million (for year ending on Dec. 31, 2013)
Headquarters: San Francisco
Employees: 742 (as of Sept. 30, including contractors)
Most recent regulatory filing: Dec. 1

Workiva

Description: A provider of cloud-based software for creating and collaborating on several types of business reports.
Stock symbol: WK on the New York Stock Exchange
Proposed maximum aggregate offering price: $124.2 million
Proposed maximum offering price per share: $15
Most recent annual revenue: $85.1 million (for year ending on Dec. 31, 2013)
Most recent annual net loss: $25.7 million (for year ending on Dec. 31, 2013)
Headquarters: Ames, Iowa
Employees: more than 940 (as of Sept. 30)
Most recent regulatory filing: Dec. 1

If these four aren’t enough for you, don’t worry. Several more tech companies should be hitting the IPO button in 2015. Stay tuned.