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Factbox-U.S IPO market poised for strong finish in 2023 amid a flurry of listings

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By Chibuike Oguh NEW YORK (Reuters) - U.S. investors are awaiting a slew of initial public offerings (IPO) in coming months, hoping to ride the recent ...

STORY CONTINUES BELOW THESE SALTWIRE VIDEOSNEW YORK - U.S. investors are awaiting a slew of initial public offerings in coming months, hoping to ride the recent rally in equity markets.

Arm says it has already signed up many of its major clients as cornerstone investors, including Apple, Nvidia, Alphabet, Advanced Micro Devices, Intel and Samsung Electronics. Instacart's business boomed during the COVID-19 pandemic owing to a surge in online orders. But the company's growth slowed as lockdown restrictions were eased, and it responded by cutting costs and laying off workers.

Fidji Simo, a former Facebook executive, was hired as Instacart's CEO in 2021 as part of its preparations to go public. The company was founded in 2012. Founded in 2012, Klaviyo's platform allows e-commerce companies to send personalized marketing emails and messages to potential customers. It is backed by Canadian e-commerce giant Shopify and affiliates of investment firm Summit Partners.

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Factbox-U.S IPO market poised for strong finish in 2023 amid a flurry of listingsU.S. investors are awaiting a slew of initial public offerings (IPO) in coming months, hoping to ride the recent rally in equity markets. British chip-designer Arm Holdings, owned by Japan's Softbank Group, launched what is expected to be this year's biggest IPO that could raise about $5 billion and value the company at as much as $52 billion. The company publicly filed its IPO with U.S. Securities and Exchange Commission (SEC) last month and kicked off its IPO roadshow this week in Baltimore, where influential asset manager T Rowe Price is headquartered.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

U.S IPO market poised for strong finish in 2023 amid a flurry of listingsThe deals could revive demand for new listings, which have been in the doldrums for nearly two years
Source: globeandmail - 🏆 5. / 92 Read more »