April 20, 2024

IPO News

IPOs to Bet on in 2023

As per the latest stock news, a few of the best IPOs are expected to go public in 2023. With 178 Initial Public Offerings as of December 26, 2022, it was a different banner year for US initial public offerings. This is an 83% decrease from the 1,035 IPOs in 2021. This decline also put a damper on overall IPO values, which are currently at $7.7 billion in 2022, weaker than expected by more than 94% since 2021. Rivian Automotive Inc., a high-profile IPO from 2021, is trading far below its IPO price. Through December 27, 2022, Rivian shares were down 82.9%. Another massive IPO from 2021, Robinhood Markets Inc., has dropped 56.6% in 2022. However, 2023 provides a fresh start for the IPO market, with some enticing flotations planned. If market circumstances improve and IPOs are permitted in 2023, these high flyers will be at the forefront of the list.

Stripe Inc.

Stripe Inc. enters 2023 with a lesser valuation (approximately $74 billion). Stripe also reduced its workforce by 14% during 2022, with moves intended to demonstrate to Wall Street that Stripe is a long-term investment.

Arm

This company has a global footprint, with its products reaching 70% of the population. Arm, which was once on the verge of being acquired by Nvidia Corp. in 2020, is now gathering momentum on its own, with revenue of $656 million and a 9% raise in microchips shipped in the most recent quarter.

 

Databricks Inc.

This 2013 San Francisco-based startup is at the forefront of the cloud data revolution. The firm aims to render cloud computing more efficient, manageable, and optimized for 5,000 clients worldwide.

The other best upcoming IPOs to watch in 2023 are Chime Financial Inc., Discord Inc., Reddit Inc., Plaid Inc., Instacart Inc., Klarna Bank AB, and TripActions Inc.

To keep up with the latest developments in the world of fintech and for more fintech news, please visit https://worldfintechnews.com/.

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