Data and marketing automation company Klaviyo plans to list on the New York Stock Exchange and join the public markets, following in the footsteps of Instacart, as it aims to tap into an IPO window that has been mostly closed since late 2021.
Instacart's IPO filing reveals the company's profitability in 2022, driven by increased productivity through batching orders, although gig workers have reported doing more work for the same pay.
Grocery delivery startup Instacart, data and marketing automation company Klaviyo, and chip designer Arm have filed for stock market debuts, representing a test of the excitement level among public market investors for new opportunities and potentially encouraging other companies to go public in the fourth quarter.
The American venture market has been experiencing a significant decline in technology IPOs, but the recent filings of public-offering paperwork by Instacart and Klaviyo stand out as important milestones in a market that has seen a lack of startup exits for over 1.5 years.
Semiconductor giant Arm Holdings is set to go public in an initial public offering (IPO), offering investors a chance to invest in a market-defining technology company that plays a crucial role in the computing industry, with its microprocessor technology found in various devices including smartphones, tablets, smart TVs, and cars. The IPO is expected to have a reasonable initial price, making it an attractive opportunity for investors.
Arm and Instacart's upcoming IPOs are not expected to revive the muted market, as startup and financial experts compare the current landscape to the years following the dot-com bubble and anticipate a challenging market for IPOs.
Instacart is aiming to go public at a valuation between $8.6 billion and $9.3 billion, marking a significant change from its previous valuation, as it looks to reignite the IPO market.
Instacart is set to debut its IPO on Tuesday, raising questions about whether its stock will soar or plummet.
The IPO market shows signs of revival with the success of Instacart and Arm IPOs, indicating that investors still have an appetite for stocks.
Instacart's successful IPO debut as Maplebear doesn't ensure its future strength, especially considering its "low float" which poses additional risks for investors.
Instacart's stock falls below its IPO price, reflecting investor disappointment with the grocery-delivery company and other recent tech stocks.
Wall Street's reaction to recent tech IPOs, including Instacart, Arm, and Klaviyo, has been underwhelming, with investors who bought at the IPO price making money only if they sold immediately, raising concerns about valuations.
