Main topic: Meesho, an Indian e-commerce startup, considering an initial public offering (IPO) next year after achieving its first-ever profit.
Key points:
1. Meesho plans to focus on maintaining profitability in the coming quarters to attract investors.
2. The company recorded revenues of $400 million between January and June, a 40% increase compared to the same period last year.
3. Meesho is backed by SoftBank and aims to capitalize on its recent success by going public.
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.
Data and marketing automation firm Klaviyo has filed paperwork for its initial public offering (IPO), revealing significant revenue growth and profitability in its recent quarter.
Main topic: Grocery delivery company Instacart and marketing and data automation startup Klaviyo file IPO plans in 2023.
Key points:
1. Instacart has experienced fluctuations in valuation but reveals profitability with $1.48 billion in revenue in H1 2023.
2. Klaviyo is profitable, with a 51% increase in revenue in the most recent quarter.
3. Both companies are seen as potential indicators of a rebound in the startup IPO market.
British semiconductor designer Arm Holdings is planning a multibillion-dollar initial public offering (IPO) on the Nasdaq Stock Exchange in the US, aiming to raise between $8 billion and $10 billion with a valuation of $60 billion to $70 billion, positioning itself as one of the biggest IPOs of 2023.
German footwear brand Birkenstock has officially filed for an initial public offering (IPO) with an $8 billion valuation, following its recent growth and cameo in the movie "Barbie"; the IPO filing did not disclose the potential valuation, but the IPO analyst at Renaissance Capital stated that recent success of comparable companies going public this year may encourage Birkenstock and other fashion names to do the same.
Marketing automation firm Klaviyo is in talks to raise the price range of its upcoming IPO due to strong investor demand, with the IPO being nearly 20 times oversubscribed.
Global investment firm KKR is acquiring a 20% stake in Singtel's regional data center business for $800 million, betting on the growing Southeast Asia data center market driven by the adoption of generative AI and cloud transition, with a 17% market growth expected over the next five years compared to 12% globally, aligning with its focus on sectors and regions poised for high growth; KKR stock is rated as a Strong Buy by analysts with a 14.91% upside potential.
Klaviyo raises the proposed price range of its shares in its initial public offering, targeting a valuation of up to $9 billion.
Klaviyo's shares closed below their first-day high, casting doubt on the revival of the IPO market, while Arm Holdings and Instacart also experienced stock slumps due to concerns over high interest rates and declines in the U.S. stock market.
September was a standout month for the IPO market, with companies like Arm Holdings, Instacart, and Klaviyo debuting on exchanges and raising $7.2 billion.
German sandals maker Birkenstock is aiming for a valuation of up to $9.2 billion in its New York initial public offering (IPO), representing another test for the IPO market.
German premium footwear maker Birkenstock priced its U.S. initial public offering (IPO) at $46 per share, raising about $1.48 billion and valuing the company at $9.3 billion, despite market volatility and concerns about the outlook for new stock market launches.
German sandal maker Birkenstock has raised $1.48 billion in its initial public offering (IPO), valuing the company at over $9 billion, as it aims to expand its business in Asia and the United States.
Birkenstock prices IPO at $46, valuing the company at $8.6 billion.
The IPO market has seen a resurgence in the second half of 2023, driven by an AI rally, moderating inflation, and stable interest rates, with companies like Arm Holdings, Instacart, and Klaviyo leading the way and providing insights into emerging trends in the semiconductor, AI, and SaaS sectors. Profitability and revenue diversification are important for the success of upcoming listings, and companies that can meet these demands and provide exposure to the AI ecosystem are likely to be the next wave of IPO winners.
