But not everyone is playing to pocket the most capital.
Expensify is readying to go public sometime this year, but its founder David Barrett said he doesn t know how much his company is worth. That s because the expense reporting software-maker hasn t had a private valuation in almost six years, the last time it raised venture capital, and has instead used profit to pay for its own expenses and growth.
It s one of the few profitable businesses on the roster to go public this year. And if it pulls off a direct listing as Barrett plans, Expensify will be one of even fewer companies to raise less than $100 million before going public in 2021.