Tech IPOs are coming back — now they have to perform

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.

cnbc.com

Relevant topic timeline:

8/25/2023

Instacart files to go public on Nasdaq to try and unfreeze tech IPO market

Instacart, the grocery delivery company, has filed for an IPO, reporting profitable quarters and revenue of $716 million, with plans to create an omnichannel experience merging online and in-store shopping.

8/25/2023

Klaviyo files to go public in latest sign of life for IPO market

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.

8/25/2023

Marketing firm Klaviyo discloses revenue growth, profitability in IPO filing

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.

9/18/2023

Instacart Goes Public at Lower Valuation, Positioning Itself as Value Play in Grocery Delivery

Instacart, the online grocery startup, is preparing to go public with a relatively modest enterprise valuation and aims to rekindle sales growth after a slowdown in the first half of 2023, positioning itself as a value stock with carefully managed growth.

9/19/2023

Instacart Shares Jump on First Day of Trading Despite Fierce Competition in Grocery Delivery

Instacart's stock market debut was successful, with shares surging 12.3% and giving the company a market value of over $11 billion, as the grocery delivery company faces increasing competition from tech companies and grocers themselves.

9/20/2023

Marketing Automation Firm Klaviyo Prices $576M IPO Above Range, Raising $9.2B Valuation Amid IPO Market Revival

Marketing automation company Klaviyo is set to list its shares on the New York Stock Exchange after raising $576 million in its initial public offering, giving the company a valuation of $9.2 billion.