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What Kinds of Companies Will Go Public in 2017?

New report from CB Insights looks at the year ahead.

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Deciding to bring your company public is a big step that can take months of planning.

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CB Insights, a firm that analyzes , predicts that 369 could have IPOs this year. Individually, the businesses in this IPO pipeline have raised an average of $262 million to this point. Altogether, these companies have raised $86.2 billion in equity financing to date.

Related: Go Public or Stay Private? The Endless Debate, Continued.

Seventy-three percent of the businesses in the IPO pipeline are . Mobile and telecommunications is second, but that category has 39 companies on the list compared to the top spot's 269.

The tech companies most likely to seek IPOs this year, according to CB Insights, are -based software company , Zuora, a company that makes software for subscriptions, meal kit delivery service Blue Apron, security software maker Okta, and Pluralsight, a company based in that makes online video tutorials for tech skills.

Related: 5 Essential Steps to Prepare for an IPO

Out of the 369 IPO pipeline businesses, 54 are based in New York, 21 are based in Massachusetts and 205 are in California. Rounding out the top five are Utah, with 11 companies, and Texas with 10.

The report found that that the firm that most had its finger on the pulse was Andreessen Horowitz. The firm, which has invested in companies such as Airbnb, Buzzfeed and Facebook, had the highest number of IPO pipeline companies in its portfolio that were valued at $1 billion or higher in 2016.

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