NEW 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.
Goldman Sachs and J.P.Morgan are the lead underwriters for the offering, Instacart said, adding that its shares would be listed on the Nasdaq under the symbol "CART."Data and marketing automation firm Klaviyo disclosed its filing for its IPO in August, months after it confidentially submitted paperwork for the listing.
Goldman Sachs, Morgan Stanley and Citigroup are lead underwriters on the offering, the company said in its filing. Its shares are expected to begin trading on the New York Stock Exchange under the ticker symbol "KVYO".Vietnamese internet company VNG Corp has filed for a market debut on the Nasdaq, making it the first technology firm from the Southeast Asian country to list in the United States.
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