IPOs Were Crushed This Year — And Venture Capitalists Are Worried
Portfolio Pulse from Nabaparna Bhattacharya
The IPO market has been volatile since 2021, with many companies seeing their valuations dive by 63% after debuting on the U.S. stock market. This has caused concern among venture capitalists and resulted in many startups delaying their IPO plans. Companies like Airbnb (ABNB), Pinterest (PINS), and Snowflake (SNOW) have yet to reclaim their initial valuations. The underwhelming market performance of Instacart (CART) and Klaviyo (KVYO) has further dampened enthusiasm for tech listings.
October 21, 2023 | 4:47 pm
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NEGATIVE IMPACT
Airbnb's stock has yet to reclaim its initial valuation after its IPO.
The ongoing volatility in the IPO market has negatively impacted Airbnb's stock price, causing it to struggle to reclaim its initial valuation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Instacart's underwhelming market performance after its IPO has caused concern among venture capitalists.
Instacart's underwhelming market performance after its IPO has contributed to the ongoing volatility in the IPO market, causing concern among venture capitalists.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Klaviyo's underwhelming market performance after its IPO has caused concern among venture capitalists.
Klaviyo's underwhelming market performance after its IPO has contributed to the ongoing volatility in the IPO market, causing concern among venture capitalists.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Pinterest's stock has yet to reclaim its initial valuation after its IPO.
The ongoing volatility in the IPO market has negatively impacted Pinterest's stock price, causing it to struggle to reclaim its initial valuation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Snowflake's stock has yet to reclaim its initial valuation after its IPO.
The ongoing volatility in the IPO market has negatively impacted Snowflake's stock price, causing it to struggle to reclaim its initial valuation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80