AFTER FACEBOOK: 11 More Tech IPOs We're Looking Forward To

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Photo: Illustration: Ellis Hamburger

Facebook finally filed to go public last week.It took the company 8 years, 850 million users, and $1 billion in annual profits before it was finally ready to pull the trigger.

With such a long buildup, there was bound to be a bit of a letdown when it finally happened.

Never fear. Here are 11 more companies we expect to go public in the next couple of years. None of them will approach the kind of frenzy that Facebook generated — well, maybe one will — but they’re all going to be interesting in their own right.

Take a look… 

Glam Media is a billion-dollar company and one of the top Web properties.

Glam's network of Web sites and advertising properties for women attracts more than 200 million unique users around the world every month, and is in the top 10 most visited Web properites in the U.S. It is rumoured to be going public in late 2012.

Box.net is in land grab mode, but if it turns the corner into profits it could be a hot enterprise IPO.

Last we heard, the company was losing about $20 million a year on revenues between $25 and $40 million, but was growing its userbase at a rate of about 1 million per month.

If it can continue to grow and cut its burn rate, it might be ready for a public offering in 2013 -- which will help investors get back some of the more than $160 million they've put into the company.

Workday will probably be the next big enterprise IPO.

CEO Aneel Bhusri told Bloomberg last year that the company might go public in late 2012, and a report in December added fuel to the fire. Workday had estimated bookings of $300 million in 2011 -- that's double what it had in 2010.

AppNexus is an ad-tech company backed by Microsoft.

CEO Brian O' Kelley told Bloomberg last year that AppNexus was considering a late 2012 IPO, and he company recently hired a new CFO, Bruce Cooperman, in possible preparation. The company turned profitable in August 2011 and grew its revenue 4x last year, said O'Kelley.

Rovio is a one hit wonder so far, but what a hit!

Last fall, Zynga offered buy Angry Birds developer Rovio for more than $2 billion. Rovio turned the offer down because it's growing faster than Zynga, according to its chief marketing officer Peter Vesterbacka.

With Rovio selling more than 1 million Angry Birds shirts and plush toys a month, and with the icons showing up on everything from bandaids to stocking caps, it's easy to believe him.

Gilt Groupe passed $500 million in revenue last summer and is on track for an IPO in 2013

Founder Kevin Ryan (disclosure: who is also an investor in Business Insider) told AllThingsD that the company is on track to be cash flow positive this year and is looking to go public in late 2012 or early 2013.

Vente Privee is the French site that inspired a bunch of flash sales sites here.

The site had $1.3 billion in revenue in 2010 (no word on 2011 yet) and turned down a $3 billion acquisition offer from Amazon, preferring to build a $15 billion company in the long run instead.

AirBNB saw bookings increase 5x in the last year and is worth more than $1 billion now.

The company saw spectacular growth in 2011 despite some bad PR about individual rentals gone bad. The company told Reuters last October that a 2012 IPO wasn't in the cards, but the company has taken more than $100 million in investment so needs a big exit eventually.

Square is new, but has real revenues and spectacular growth

The payment company started by Twitter cofounder Jack Dorsey was processing $11 million in payments per day as of November -- that's more than 11x growth in just eight months.

Square has plenty of money to continue operating, but an IPO could eventually provide liquidity to the investors who have so far pumped more than $100 million into the company. An IPO filing would also answer the question whether Square is making money from these transactions, and how much.

Dropbox turned down a $800 million buyout offer from Apple a couple years ago.

Now, it's valued between $4 billion and $5 billion. There are only a handful of buyers who can afford that kind of price tag, so unless one of them ponies up, an IPO is the most likely exit.

Twitter will be greeted with almost as much anticipation as Facebook.

Twitter CEO Dick Costolo has said that an IPO is not on the radar any time soon, and that the company has enough funding to keep it going for a long time. But eventually -- 2013? 2014? -- Twitter will have to provide a liquidity event for investors just like Facebook did.

To get there, Twitter will have to show some serious ad revenue growth between now and then, or unlock another business model.

Now, check out who gets rich from the Facebook IPO...

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