IPO Market Languishes Despite Bull Run, But Mega Deals Still Coming in 2024
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IPO activity has remained depressed despite a bullish stock market, with predictions of a resurgence continually being pushed back.
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Obstacles for the IPO market include the 2024 election, underperformance of recent IPOs, high interest rates, and potential economic recession.
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However, some highly anticipated mega IPOs are still expected in 2024, like Shein, Reddit, Stripe, and Databricks.
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Shein could raise over $65 billion with its digital-first "real-time retail" model.
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Reddit could prove a volatile IPO with its meme stock ties, while Stripe and Databricks lean on payments and AI respectively.