Here's a recap of the IPO's in 2016 regarding IT market. They all match criteria that convinced the market of the fair value to invest in. Without drawing to conclusions, it might help you to build up a conviction on who could be the chosen few in 2017.

1. What’s common in successful Tech IPOs in
2016 ?... So far
(Business Insider – 6 oct 2016)
As of May 18, 2016, the average return for a 2015 IPO stock was negative 19%, and
72% of the 2015 IPOs were trading below issue

2. Cloud Financial Close & Reconciliation
Founded in 2001 - 590 employees - 1 600 customers
First complete reconciliation (2005) & financial close solution (2006)
Valued $690 M – raised $146 M in october 2016 IPO (Nasdaq)
$56 M turnover & $16 M loss - $130 M liabilities

3. IAS Provider
Founded in 2009 – 1 800 employees - 3 200 customers worldwide
$100 M invested in R&D - revenue growth rate of 82%
Considered as the leader since 2011
Valued $2 B – raised $240 M in september 2016 IPO (Nasdaq)
$440 M turnover & $168 M loss - $465 M liabilities

4. Cloud P2P – T&E - Sourcing
Founded in 2006 – 600 employees – 500 customers on P2P solution
Considered themselves as the « salesforce » of the spending
management
Valued $866 M below expected value from VC – raised $133 M in
october 2016 IPO (Nasdaq)
$66 M turnover & $24 M loss - $90 M liabilities
Providing clear financial roadmap to profitability

5. Cloud & Big Data integration software provider
Founded in 2005 – 600 employees – 1 500 active subscriptions
Valued $767 M above expected value from VC – raised $96 M in
july 2016 IPO (Nasdaq)
$106 M turnover & $24 M loss - $127 M liabilities
Strong growth & Generate positive operating cashflow by the 4th
Quarter of FY16
Strong profitability plan for 2017