Outcomes · source-backed footprint

What stayed after the exit.

Four Triangle companies went public and kept operating here. Two built visible footprints beyond the region; two still disclose Triangle facilities only. This is a sourced operating map—not a ranking, a market-cap table, or a wall of winners.

4

verified outcomes

IPO records in this first release

4

Triangle anchors

Headquarters retained in the region

23

outside locations

Company-listed, not employee estimates

2

multi-region networks

Companies disclosing outside locations

The record

Public, still operating here.

Alphabetical, not ranked. Footprints reflect company disclosures checked 2026-08-20.

Bandwidth

Nasdaq: BAND

Bandwidth began trading on the Nasdaq Global Select Market in November 2017.

IPO

Nov 10, 2017

confirmed

Triangle anchor

Raleigh, NC

2230 Bandmate Way, Raleigh, NC 27607

Bandwidth lists Raleigh as its corporate headquarters.

Outside the Triangle

The company contact page lists eight locations: Raleigh plus seven outside the Triangle.

7

disclosed locations

  • Brussels, Belgium
  • Denver, Colorado, United States
  • Dublin, Ireland
  • Iași, Romania
  • Istanbul, Türkiye
  • London, United Kingdom
  • Rochester, New York, United States

Liquidia

Nasdaq: LQDA

Liquidia Technologies began trading on the Nasdaq Capital Market in July 2018.

IPO

Jul 26, 2018

confirmed

Triangle anchor

Morrisville, NC

419 Davis Drive, Suite 100, Morrisville, NC 27560

Liquidia's 2025 Form 10-K identifies Morrisville as its headquarters and primary office, laboratory, R&D, and light-manufacturing site.

Outside the Triangle

The latest Form 10-K discloses the Morrisville headquarters and a second Morrisville facility whose lease was expected to commence in late 2026; it does not list an operating office outside the Triangle.

—

disclosed locations

“No outside office disclosed” is narrower than “no presence elsewhere.” Remote staff, trials, customers, and partners are outside this count.

Precision BioSciences

Nasdaq: DTIL

Precision BioSciences began trading on the Nasdaq Global Select Market in March 2019.

IPO

Mar 28, 2019

confirmed

Triangle anchor

Durham, NC

302 E. Pettigrew Street, Durham, NC 27701

Precision's 2025 Form 10-K identifies its Durham headquarters as office and laboratory space.

Outside the Triangle

The latest Form 10-K discloses the Durham headquarters and does not list another company facility. That does not rule out remote staff or partner activity elsewhere.

—

disclosed locations

“No outside office disclosed” is narrower than “no presence elsewhere.” Remote staff, trials, customers, and partners are outside this count.

Wolfspeed

NYSE: WOLF

The company became public through a 1993 IPO as Cree and began trading as Wolfspeed on the NYSE in 2021.

IPO

1993

confirmed

Triangle anchor

Durham, NC

4600 Silicon Drive, Durham, NC 27703

Wolfspeed lists its headquarters in Durham and additional Triangle-area locations in Research Triangle Park and Siler City.

Outside the Triangle

Wolfspeed's locations page lists 19 locations: three in the Triangle and 16 elsewhere. The list mixes manufacturing, engineering, sales, and corporate locations.

16

disclosed locations

  • Fayetteville, Arkansas, United States
  • Marcy, New York, United States
  • Milton Keynes, United Kingdom
  • Paris, France
  • Unterschleißheim, Germany
  • Vicenza, Italy
  • Shatin, Hong Kong
  • Seoul, South Korea
  • New Delhi, India
  • Tokyo, Japan
  • Ipoh, Malaysia
  • Belfast, United Kingdom
  • Shanghai, China
  • Shenzhen, China
  • Stockholm, Sweden
  • Chungho City, Taiwan

Method

A narrow claim, checked company by company.

01

Outcome first

A company enters only after an IPO, direct listing, SPAC, acquisition, or merger. Large private companies do not enter by scale alone.

02

Triangle presence now

Headquarters or substantive operations must remain in Wake, Durham, Orange, or Chatham county. Historical roots alone are not enough.

03

Outside presence disclosed

Location counts come from company pages or filings. No employee estimates, inferred remote teams, or scraped profile counts.

04

Volatility omitted

Market cap, headcount, and rankings stay off the page until a source and update cadence can support them without false precision.

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