Highly Anticipated IPOs in 2023 – Know Everything
The IPO market has been lacklustre following a stellar 2022. Renaissance Capital reports that last year saw only 70 offerings and $7.7 billion raised, making it one of the worst years on record. However, there are signs of a revival on the horizon as investors prepare for highly anticipated IPOs in 2023.
While there has been some improvement this year, with 29 IPOs and $2.3 billion raised in the first quarter, recent deal activity has been depressed by the collapse of Silicon Valley Bank and concerns about economic growth, inflation, and interest rates.
Highly Anticipated IPOs – Here are some of the upcoming IPOs to watch
Arm
Estimated IPO valuation – $50 billion, Expected IPO timeline – 2023. Arm, a leading semiconductor company founded 30 years ago, is known for shipping over 230 billion chips worldwide. With strong growth and investments in automotive, IoT solutions, and the metaverse, Arm’s IPO is highly anticipated.
Navan
Estimated IPO valuation – $9.2 billion, Expected IPO timeline – Second half of 2023. Formerly known as TripActions, Navan provides travel and expense management using advanced technologies like machine learning. Despite facing challenges during the pandemic, Navan has made a comeback and introduced innovative features such as global rapid reimbursements.
Databricks
Estimated IPO valuation – N/A, Expected IPO timeline – 2023. Databricks, founded by UC Berkeley students, commercializes Apache Spark for big data management. With a customer base of over 7,000 companies and partnerships with major tech players, Databricks enables real-time analytics and offers ChatGPT systems.
Intercom
Estimated IPO valuation – N/A, Expected IPO timeline – 2023. Intercom specializes in customer engagement technologies for sales, marketing, and support. The platform delivers over 500 million messages per month and has shown strong ROI for customers. Intercom’s Fin service bot, powered by OpenAI’s GPT-4, provides personalized communications.
Stripe
Estimated IPO valuation – $50 billion, Expected IPO timeline – 2023. Stripe has revolutionized online payments with its user-friendly system. Despite challenges during the past year, Stripe remains a robust business with numerous high-value customers. Its recent funding round valued the company at $50 billion, positioning it as a top upcoming IPO.
Klaviyo
Estimated IPO valuation – $9.5 billion, Expected IPO timeline – Late 2023. Klaviyo offers targeted and personalized marketing solutions, leveraging deep expertise in data analytics. With strategic partnerships, including Shopify, Klaviyo has achieved profitability and is preparing for an IPO with the help of Goldman Sachs.
BMC Software
Estimated IPO valuation – $14.5 billion, Expected IPO timeline – 2023. BMC Software initially focused on mainframe systems, has diversified its offerings with AI and ML capabilities. The company serves top-tier customers in various categories, including DevOps, service management, and security. After going private in 2013, BMC Software is returning to the public markets.
Instacart
Estimated IPO valuation – $11 billion, Expected IPO timeline – Mid-2023. Instacart operates a grocery-delivery network and experienced significant growth during the pandemic. Despite competition from online rivals and traditional operators, Instacart’s strategy of diversification, store expansion, and enhanced payment systems has proven successful.
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