SDR Ventures：2020年下半年科技行业并购趋势报告（中译版）（37页）.pdf

1、Investment Banking & Securities Offered Through SDR Capital Markets, Inc., Member FINRA & SIPC.-40%-20%0%20%40%60%80%100% Change in Close Price vs. 2019 YE% Change in Close Price vs. 2019 YES&P500FacebookAAppleNetflixAlphabet $- $50 $100 $150 $200 $250 $300 $350 $4000501001502002503002009 2010 2011

2、2012 2013 2014 2015 2016 2017 2018 2019 2020SPAC IPO CountAverage IPO Size ($mm)356 75 26 75 77 91 85 80 174 67 10 - 50 100 150 200 250 300 350 400Strategic55%Financial45%DateDateTargetTargetBuyer(s)Buyer(s)SegmentSegmentAmount Amount ($ in Mil)($ in Mil)TEV/ TEV/ RevRevTEV/ TEV/ EBITDAEBITDA12/30/2

3、020WonderyA Tech Conglomerates300.007.5x-12/1/2020Slack Salesforce Enterprise Software27,700.0033.2x-11/30/2020KustomerFacebook Tech Conglomerates1,000.00-11/6/2020OSIsoftAveva Group Enterprise Software5,000.0010.2x31.3x10/7/2020TD AmeritradeCharles Schwab & Co. Financial Technology26,000.002.4x5.3x

4、10/2/2020E*TradeMorgan Stanley Financial Technology13,000.004.5x-9/24/2020Scout FMApple Tech Conglomerates-9/21/2020ZeniMax MediaMicrosoft Tech Conglomerates7,500.00-8/10/2020RocketReach Brighton Park CapitalEnterprise Software91.56-7/7/2020Orions SystemsMicrosoft Tech Conglomerates-7/6/2020Liveoak

5、TechnologiesDocuSign Enterprise Software38.00-AE Industrial Partners-40%-20%0%20%40%60%80%100%120%140%Dec-19Jan-20Feb-20Mar-20Apr-20 May-20 Jun-20Jul-20Aug-20 Sep-20Oct-20 Nov-20 Dec-20Enterprise SoftwareOther SaaSIT ServicesInfrastructure/HostingTech ConglomeratesData AnalyticsIT SecurityS&P 500-40

6、%-20%0%20%40%60%80%100%Dec-19Jan-20Feb-20Mar-20Apr-20 May-20 Jun-20Jul-20Aug-20 Sep-20Oct-20 Nov-20 Dec-20Financial TechnologySupply Chain SoftwareMarketing SoftwareHealthcare ITS&P 500 Company Name Company NameSymbolSymbolMarket Cap($ in Mil)Price ($)LTM ChangeYTD Change% of 52 Week HighEst. Revenu