Main topic: Meesho, an Indian e-commerce startup, considering an initial public offer (IPO) next year after achieving its first-ever profit.
Key points:
1. Meesho plans to launch an IPO in the near future.
2. The company's focus is on maintaining profitability in the coming quarters.
3. Meesho's revenues increased by 40% to $400 million between January and June compared to the same period last year.
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: Zepto's $200 million fundraise and plans for an IPO in early 2025
Key points:
1. Zepto has become a unicorn startup after raising $200 million in a Series E round, valuing the company at $1.4 billion.
2. The fundraise will strengthen Zepto's balance sheet and position the company well for future profitability and an IPO.
3. Zepto's focus is on expanding its quick commerce services in India's largest cities, aiming to achieve $1 billion in annualized sales and profitability within the next few quarters.
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.
Instacart aims for a valuation of up to $9.3 billion in its upcoming IPO, a significant decrease from its previous funding round, with cornerstone investors agreeing to buy up to $400 million worth of shares.
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.
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.
Instacart raised $660 million in its initial public offering (IPO) at the top of the price range, resulting in a fully diluted valuation of $9.9 billion and making it one of the biggest companies to go public this year, providing relief to the IPO market.
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.
German defence contractor Renk plans to price its IPO at 15 to 18 euros per share, potentially giving it a valuation of up to 1.8 billion euros ($1.92 billion), with private equity owner Triton continuing to hold a majority stake and planning to sell up to 27.03 million Renk shares, potentially raising between 405 and 486 million euros.
Alibaba's Cainiao has filed for a US$1 billion IPO in Hong Kong, potentially becoming the second-largest listing of 2023 and testing the appetite for new listings in the region.
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.
