Number of IPOs by Year
There have been 5,866 IPOs between 2000 and 2022. The least was in 2008 with only 62. The full-year 2021 was a record with 1035 IPOs, beating the previous record of 480 in the year 2020. Key Overseas Investments secured positions in 985 of them.
We have a fantastic track record in the IPO market and have shown investors some serious returns. To find out more about IPOs contact us and allow us to open the door at the early stages.
Just a few Initial Public Offerings to watch in 2023
The U.S. initial public offering market is starting to edge upward, albeit at a slow pace, in the first three months of 2023. There have been 23 IPOs priced through mid-March – that’s up by 27.8% over the same period in 2022.
The total proceeds for U.S. IPOs stand at $2.2 billion for 2023 so far. That’s about a 5% boost from the first quarter of 2022. Last year was one of the slowest for IPOs in decades.
Solar equipment firm Nextracker Inc. (NXT) led the IPOs list in 2023, raising $638 million in its debut.
IF YOU WOULD LIKE INFORMATION ON A SPECIFIC IPO EMAIL US
With some tailwinds forming, what’s the outlook for companies looking to go the IPO route for the rest of 2023? Here’s a look at some of the IPOs we will be recommending to our investors going forward, although a few of them are firming up plans for an imminent listing.
Arm Ltd. (Papers filed listing imminent)
This British microchip designer is on the move in 2023, with analysts expecting the company, owned by Japan-based SoftBank Group Corp., to raise about $8 billion in its U.S. IPO later in 2023. The company is changing its pricing model in advance of going public, adjusting its royalty program to charge semiconductor developers for deploying its designs based on a particular semiconductor chip’s market value. To date, Arm has charged chip customers based on the value of chip-enhanced devices. The strategy should result in higher royalties and add even more luster to Arm’s upcoming IPO.
Potential IPO valuation: $50 billion
Stripe Inc. (Pre IPO Available NOW)
With $14.4 billion in revenue in 2022, you’d think Stripe’s long-awaited IPO (first rumored to happen in 2021) would finally take flight. A recent Reuters post notes that Stripe is on the cusp of a $4 billion boost in capital, which would place the payment provider’s valuation at about $55 billion. Yet that scenario actually decreases the company’s need for capital, even with a reportedly huge IRS tax bill coming due this year (the company now has plenty of cash to cover its tax bill.) Meanwhile, company co-founders Patrick and John Collison are expected to file an IPO in the second half of 2023.
Potential IPO valuation: $55 billion
Reddit Inc.
Like Stripe, Reddit was angling for a 2021 IPO that never materialized, after the social media giant actually filed to go public with the U.S. Securities and Exchange Commission. A downbeat 2022 tabled those plans, but analysts believe Reddit has a green light for an IPO in the second half of 2023. Reddit is certainly one of the most popular social media platforms, with an extremely loyal user base of more than 1.2 billion users and over 57 million daily users. Investors should be ready to go when Reddit does announce it’s going public, as the company filed its IPO privately and any IPO rollout will arrive on short notice.
Potential IPO valuation: $10 billion
Instacart Inc.
Instacart was upended by a volatile 2022 stock market, which led the digital retailer to postpone its IPO. It’s uncertain when the IPO will roll through, although analysts remain bullish on a late 2023 debut. Instacart has seen its valuation tumble from $39 billion in 2021 to approximately $10 billion in the first quarter of 2023. In fact, the company is only now emerging from a vast cost-slashing campaign involving job cuts. On the upside, the online grocery delivery and order-for-pickup markets are on an upswing, and Instacart’s revenue increased by 50% in the fourth quarter of 2022 compared with Q4 2021.
Potential IPO valuation: $10 billion
Databricks Inc.
This San Francisco-based cloud computing analytics company is exploding in the age of artificial intelligence and big data. The company boasts brand-name clients like Conde Nast, Shell and H&M. In fact, a reported 40% of Fortune 500 brands have deployed Databricks’ cloud computing services. Company executives have been quiet about the firm’s IPO plans, but analysts say Databricks is most likely to file a Nasdaq IPO in the second half of 2023.
Potential IPO valuation: $38 billion
Chime Financial Inc.
In February, Chime announced that it, too, would delay its IPO until at least the second half of 2023. The delay comes with the same baggage as numerous financial company IPOs, but fintech has been an especially hard-hit group lately. As measured by the F-Prime Fintech Index, fintech stocks plummeted by more than 70% in 2022. Still, Chime seems primed to move forward on the IPO, with the online banking services provider reportedly looking to weather the current global banking uncertainty and proceed later in 2023 or in 2024, depending on the economy.
Potential IPO valuation: $25 billion
If you have a particular IPO that you would like to take part in, contact Key Overseas Investments and we will share our views and opinions, and furnish you with all the relevant details allowing you to make an informed choice before you make any investment.
Open an Account with Key Overseas Investments
As a valued client of Key Overseas Investments, you will have your professional broker who will guide you through a complete and thorough investment strategy, including detailed research reports, technical and fundamental analysis for a sound investment strategy
