Can Arm and Instacart Resuscitate the IPO Market?

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Q2 2023 marked the sixth consecutive quarter of lower year-on-year IPO activity. The April through June stretch was the weakest global go-public count since early 2016. The third quarter currently has 41 deals announced through September 11, vs. a total of 46 for Q2, but with three weeks left in the quarter, we could see the first YoY increase in activity in a year-and-a-half.

The most anticipated IPO of the second half of the year, Arm Holdings, will begin trading on Thursday . Many investors are hopeful that this could lead to a pick up in dealmaking, as has already been seen to some degree in M&A activity.The AI boom, in large part, is responsible for the bullish attitudes around IPOs, but there is also renewed fear of rising rates that could rain on the parade.

Instacart filed for its IPO earlier today, setting an offer price of between $26-$28/share. Proceeds could top $600M, giving the company a valuation at $9.3B on a fully diluted basis. They are expected to begin trading on the Nasdaq next Wednesday, September 20. Other exciting upcoming offerings include Klaviyo . The Boston-based tech company provides a marketing automation platform for email and SMS marketing. They are currently anticipated to go live on September 19 at an offer price of $25 - 25/share on 19.2M shares. On the high end, proceeds raised would fall just short of $500M.

 

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المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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