Yes, it looked like that would be the case in 2023, but it wasn't meant to be. As of mid-December, there had been 149 IPOs in U.S. markets. That's about 15% less than the same time in 2022. But as we wrap up the year, there are already a couple of big names that have announced plans to begin tradingand a couple other names that have reportedly started to put things in motion. That's good news, since much heralded IPOs from Instacart and Klaviyo, which many thought would signal the resurrection of the public offering market earlier this year, started strong, but both companies soon went into negative territory. That halted plans by many would-be public companies to make their own debut. But as the Federal Reserve is seemingly done with interest rate hikes, curiosity about IPOs is brewing once more. Here's a look at the companies that market watchers are keeping their eye on for 2024.
The fast-fashion company made its filing confidentially in November, with its last valuation standing at $66 billion, though Bloomberg reports it's now targeting a $90 billion valuation. That's still less than the $100 billion the company was valued at in 2022, when it was the world's third most valuable startup. Panera Bread After four years as a private company, Panera's about to go public once again. The company, which also owns Caribou Coffee and Einstein Bros. Bagels, filed initial paperwork for a public offering in early November. Restaurateur Danny Meyer, founder of the Shake Shack chain, has already said he plans to invest in the company and will join as a director after it goes public. To prepare for the IPO, Panera cut 17% of its staff the same month. So far, there's no valuation or data on when the offering will occur. Reddit A longtime name for IPO watchers, the social media company began holding talks again with potential investors in November. Reddit is reportedly considering a valuation as high as $15 billion. The company originally filed for an IPO in December 2021 and wa
Collection
[
|
...
]