Renaissance Capital's Director of Research, Nick Einhorn, and Senior IPO Market Strategist, Matt Kennedy, discuss the state of the US IPO market halfway through the fourth quarter of 2023. ...read more
Large Tech IPOs Stage a Comeback in a Volatile 3Q The third quarter of 2023 produced 30 IPOs that raised a combined $7.8 billion, more than the proceeds raised in the full-year 2022 despite no significant increase in deal count from previous quarters. Chip giant Arm led activity, raising $4.9 billion in the largest...read more
The 3Q IPO market is currently slated to end on a quiet note, with no IPOs currently scheduled to list in the week ahead. Small issuers may join the calendar late. The pause follows a notable week for IPOs, as VC-backed tech names Instacart (CART) and Klaviyo (KVYO) raised a combined $1.2 billion. The pair were met with fairly lukewarm...read more
The IPO market’s tech unicorn drought ended this past week, with grocery deliver platform Instacart (CART) and marketing SaaS company Klaviyo (KVYO). Despite the fanfare leading up to their big debuts, reception was lackluster. Both issuers opened well above their IPO prices on the first day but fell from there, and trading was mixed...read more
US IPO Market Update - November 2023 (Video)
Renaissance Capital's Director of Research, Nick Einhorn, and Senior IPO Market Strategist, Matt Kennedy, discuss the state of the US IPO market halfway through the fourth quarter of 2023. ...read more
Updated: Renaissance Capital's 3Q 2023 US IPO Market Review
Large Tech IPOs Stage a Comeback in a Volatile 3Q The third quarter of 2023 produced 30 IPOs that raised a combined $7.8 billion, more than the proceeds raised in the full-year 2022 despite no significant increase in deal count from previous quarters. Chip giant Arm led activity, raising $4.9 billion in the largest...read more
US IPO Week Ahead: 3Q IPO market set to end quietly following week of large tech listings
The 3Q IPO market is currently slated to end on a quiet note, with no IPOs currently scheduled to list in the week ahead. Small issuers may join the calendar late. The pause follows a notable week for IPOs, as VC-backed tech names Instacart (CART) and Klaviyo (KVYO) raised a combined $1.2 billion. The pair were met with fairly lukewarm...read more
US IPO Weekly Recap: Instacart and Klaviyo IPOs debut with mixed trading
The IPO market’s tech unicorn drought ended this past week, with grocery deliver platform Instacart (CART) and marketing SaaS company Klaviyo (KVYO). Despite the fanfare leading up to their big debuts, reception was lackluster. Both issuers opened well above their IPO prices on the first day but fell from there, and trading was mixed...read more