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Back so soon? Early lock-up provisions return to the IPO market with VC-backed tech

CART

Instacart (CART) and Klaviyo (KVYO) are bringing back more than just VC-backed tech. In addition to being the first US tech unicorns to go public since 2021, the grocery delivery platform and marketing SaaS company both have early IPO lock-up provisions, a common feature of the 2021 IPO boom. In 2021, when the IPO market was near its peak,...read more

Several large tech names are eyeing 2023 IPOs; here's how recent tech listings have fared

MBLY

Large tech issuers effectively disappeared from the US IPO market in 2022 as the sector crumbled in the global sell-off. Over the past few months, returns from recent tech IPOs have started to recover, leading several notable tech names to prepare for possible 2023 listings. Two of the largest private tech companies making IPO news, Arm and ...read more

Updated: Renaissance Capital's 2022 US IPO Market Review

CRBG

The IPO Market Flips from Boom to Bust in 2022 After the prior year’s record activity, the 2022 US IPO market ground to a halt as the war in Ukraine, a valuation correction in high-multiple stocks, historic interest rate hikes, and looming fears of a recession caused the narrowing IPO window to slam shut. 71...read more

Nearly 90% of 2022's large IPOs are trading above issue

CINC

While market conditions are still keeping the IPO window mostly closed, the year's large issuers are finding support, especially over the past few months. Excluding high-flying outlier HKD, just 15 IPOs have raised $100 million or more in 2022, and 13 (87%) are trading above issue. The group averages an impressive 29% return from offer, driven by... ...read more