This is it: the weeks before Thanksgiving usually bring a spate of large IPOs eager to go public before the holiday season starts.
Last week, the Wall Street Journal reported that Panera Bread was laying off 17% of its corporate staff in advance of a possible IPO next year.Buy now, pay later firm Klarna, another oft-mentioned IPO candidate, told CNBC it has no immediate plans to go public. The company last raised cash at a valuation of $6.7 billion, which marked a massive 85% haircut to its previous valuation of nearly $46 billion.
Three of the biggest IPOs of the year are trading below their offering prices, and, a fourth, Arm, is trading near its debut price, after dipping below it in early trading Thursday., which went public in September, is also trading 8% below its offering price of $30 after reporting earnings on Tuesday.