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.
Arm Holdings, backed by SoftBank Group, plans to choose a US IPO as it faces a 1% decline in annual revenue, indicating a slowing smartphone market, and its stock market launch is expected to revive a lacklustre IPO market.
Main topic: The reawakening of the tech IPO market and its impact on heavily-funded startups.
Key points:
1. Arm Holdings and Instacart's IPOs will test investor appetite for tech IPOs and potentially rejuvenate the stagnant market.
2. The bar is higher now for startups planning to go public, with investors seeking profitable companies.
3. The market has been challenging for recent IPOs, with many billion-dollar listings currently valued below $1 billion.
Note: The provided content contains more than three key points.
The tech IPO market may be reawakening after a two-year lull, with Arm Holdings and Instacart expected to go public and test investor appetite for technology IPOs, although the bar for startups has become higher since 2021, leading to fewer IPOs and a need for companies to show profitability within six quarters of listing.
Semiconductor chip company Arm has filed for an IPO on the Nasdaq, seeking a valuation of up to $70 billion, but faces risks and potential headwinds due to financial challenges and geopolitical tensions with China.
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.
U.S. investors are eagerly anticipating several upcoming IPOs in the coming months, including Arm Holdings, Instacart, Klaviyo, and VNG, as they hope to capitalize on the recent rally in equity markets.
German sandal maker Birkenstock has filed for an initial public offering (IPO) in the United States.
The recent surge in IPOs, including the listing of Arm, reflects growing market confidence and economic optimism.
Goldman Sachs predicts a revival in the IPO market, but warns investors to be cautious as not all IPOs will perform well; the key factors to identify successful IPOs are strong sales growth and profitability.
The recent poor performance of tech IPOs, including Arm Holdings, Instacart, and Klaviyo, has raised doubts about the market's readiness for high-stakes IPOs amidst economic uncertainty and geopolitical tensions.
Chinese stocks, including Alibaba Group, are seeing gains as the company plans to file for an initial public offering for its logistics business, Cainiao Network Technology, which could be the first of many IPOs from Alibaba's subsidiaries, and as reports suggest that the Chinese government may loosen restrictions on foreign investors owning stakes in Chinese companies.
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.
Global IPO volumes and proceeds have decreased year-over-year, with 615 IPOs raising $60.9 billion in 2023, reflecting slower global economic growth and geopolitical tensions, though some emerging markets have seen an increase in IPO activities; the technology sector leads in IPO activities, while the energy sector has seen a decline in proceeds; the Americas region has experienced an increase in IPO proceeds, driven by a single mega spin-off IPO, and the Asia-Pacific region maintains its dominance with a 60% share; the EMEIA IPO activity has continued to shrink; a resurgence in global IPO activity is anticipated in late 2023 as economic conditions and market sentiment improve.
The global market for initial public offerings (IPOs) is showing signs of recovery after an 18-month slump, with emerging markets accounting for a significant share of the money raised and number of IPOs, driven by economic growth and increased interest from investors in local and regional companies; however, major IPO markets such as the US, Europe, and the UK have struggled this year due to factors such as high interest rates, regulatory restrictions, and reduced investor appetite for risky bets.
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.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/KSAUD4ZTTZN6HCH6UO4CVKRTHA.jpg)