The GP Bullhound quarterly report provides insights into the public and private market valuations in the SaaS sector. The pandemic has reinforced the need for digital transformation, with cloud-based software solutions being the most obvious winner. The GPB SaaS Index has grown impressively, trading at all-time highs versus Q1 and Q2 2020. There has also been enormous appetite for software IPOs, with a host of private companies tapping into this market sentiment and listing for the first time in Q3. In the private markets, strategic M&A for the highest quality assets remains robust, with premium valuations holding up.
