The financial environment is poised for a significant transformation in 2024, as numerous prominent U.S. companies prepare to make their initial public offerings (IPOs) and enter the primary market. Following a minor decrease in IPO activity during 2023, conditions are ripe for a potential resurgence. Here are the noteworthy IPOs that warrant your consideration in the upcoming year.
Reddit’s social discussion platform is preparing for a much-anticipated initial public offering (IPO), and discussions are underway. The company is contemplating an IPO as soon as the first quarter of 2024, with a potential valuation reaching $15 billion. With total fundraising surpassing $1 billion, Reddit’s inclination toward an IPO gained momentum following a substantial financing round in 2021.
Stripe
Stripe, a financial services company headquartered in San Francisco renowned for its online payment solutions, is set to go public through a direct listing. With a valuation of $95 billion in 2021, the company, established in 2009 by the Collison brothers, is generating significant anticipation for its upcoming initial public offering. Despite facing challenges, Stripe has demonstrated resilience, evidenced by a substantial 60% growth reported in 2021.
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Shein
Shein, a fast-fashion powerhouse with Chinese origins, has discreetly submitted documents for a US initial public offering (IPO), aiming for a listing as early as 2024 and targeting a valuation ranging from $60 billion to $90 billion. Recognized for its innovative retail strategies, Shein’s ascent has not been without controversies. The company has faced scrutiny regarding its labour practices and connections to Beijing.
Databricks
Databricks, an enterprise software company headquartered in San Francisco, specializes in data analytics powered by the Apache Spark engine. Currently valued at $33 billion, the exact date of its initial public offering (IPO) remains unconfirmed, but interest is steadily increasing. With a primary emphasis on data management through machine learning and artificial intelligence, Databricks has experienced consistent growth since its establishment in 2013. There is speculation that the company’s IPO might surpass $40 billion, representing a noteworthy milestone.
Circle
Circle Internet Financial Ltd., a provider of stablecoins, is considering an initial public offering (IPO) in the early months of 2024. The company was previously valued at $9 billion. This decision comes after the cancellation of its merger agreement with Concord Acquisition.
