IPO Market Sees Sluggish Recovery From 2022's 'Absolute Radio Silence:' Panera, Instacart, Stripe Among Companies Waiting In The Wings
Portfolio Pulse from Shanthi Rexaline
The US IPO market has seen a 31.8% increase in offerings and a 125.5% jump in total proceeds to $9.8 billion in the first half of 2023, rebounding from a sluggish 2022. However, tech IPOs have lagged, with only 10 companies raising $100 million or more. The market is expected to see a resurgence in late 2023, with companies like VinFast, Panera, Stripe, Instacart, Reddit, and Discord potentially going public. The outlook remains cautious due to valuation disconnect and the typical weakness of IPOs in July and August.
July 28, 2023 | 11:43 am
News sentiment analysis
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POSITIVE IMPACT
Black Spade Acquisition Co. is involved in a SPAC deal with VinFast Auto Ltd., which is expected to go public in the second half of 2023. This could potentially impact the company's stock.
Black Spade Acquisition Co. is involved in a SPAC deal with VinFast Auto Ltd., which is expected to go public in the second half of 2023. This could potentially impact the company's stock positively.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Affirm Holdings Inc. was mentioned as one of the companies that led the IPOs in 2021. No direct impact from the news.
The news mentions Affirm Holdings Inc. in the context of 2021 IPOs, but there is no direct impact on the company from the current news.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 20
NEUTRAL IMPACT
Bumble, Inc. was mentioned as one of the companies that led the IPOs in 2021. No direct impact from the news.
The news mentions Bumble, Inc. in the context of 2021 IPOs, but there is no direct impact on the company from the current news.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 20
NEUTRAL IMPACT
Microsoft Corp was mentioned in the context of a rejected proposal from Discord in 2021. No direct impact from the news.
The news mentions Microsoft Corp in the context of a rejected proposal from Discord in 2021, but there is no direct impact on the company from the current news.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 20
NEUTRAL IMPACT
UiPath, Inc. was mentioned as one of the companies that led the IPOs in 2021. No direct impact from the news.
The news mentions UiPath, Inc. in the context of 2021 IPOs, but there is no direct impact on the company from the current news.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 20
NEUTRAL IMPACT
SentinelOne, Inc. was mentioned as one of the companies that led the IPOs in 2021. No direct impact from the news.
The news mentions SentinelOne, Inc. in the context of 2021 IPOs, but there is no direct impact on the company from the current news.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 20