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Tech Titans IPO Watch: Unveiling the Future of Innovation

After two brutal years of tech IPO rarity, the market is poised for a recovery in 2024. The Federal Reserve is scheduled to cut twice, an election year is usually good for the economy as a whole, regardless of party, and many tech companies are patiently waiting to go public, and now have the numbers to do so consumers enter doomsday spending loop August 2021 savings $2.1T decreased and now almost 100B in savings (as of October 2023) decreased by 90% in 26 short months but the Fed rate decrease will pave the way.

IPO activity has intensified this year and the growth is expected to continue through 2024. Investors are eager to tap the capital markets ahead of the general election. It also appears to be a tricky move given that historically Indian stocks have done well in general heading into the general elections," said Mohit Ralhan, CEO, of TIW Capital.

Looking at the (scheduled) IPOs planned for 2023 showed many supposedly also planning to list the market in 2022. Events caught up with them. Assuming some recovery in the first half of 2023, many of these can still move forward.

List of Anticipated IPOs in the Tech Sector

Mobileye

Intel-subsidiary Mobileye could be one of the most sought-after IPOs of 2011. Mobileye makes chips and software for self-driving car technology and advanced driver assistance systems, which are now finding their way into the automotive population in the same way.

Vinfast

Vinfast is a $5 billion Singapore-based company owned by Vietnamese trading group Wingroup. Vinfast is an electric vehicle (EV) manufacturer and the latest in a seemingly never-ending line of EVs to hit the stock market.

Discord

Unlike many others on this list, we hold Discord’s IPO value at what it was a year ago. The company's projected revenue for 2022 is set to exceed $200 million, up from about $150 million in 2021. It's too much, as Microsoft's massive acquisition of Activision Blizzard in early 2022 shows, as the gaming world especially online gaming will continue. There's an upward momentum that continues.

Instacart

Few companies have taken a price drop as dramatic as Instacart over the past 12 months. At the time, the company was targeting a valuation of $50 billion with an IPO looming. But after the pandemic, the number of people ordering food online plummeted, so the company took the rare step of reevaluating its pricing in early 2022 - up 50% to $24 billion In a breath, its management said the 2022 IPO has been called off.

Chime

Chime had moved for a March 2022 IPO, but there was one problem when February 2022 arrived and fintech stocks dropped nearly 40% in just six months. Others like PayPal and Block dropped more than 60%. Chim's management team read the room, then told them it was time to postpone the IPO until a better time.

Fanatics

Two years ago, you might say that Fanatics was an e-commerce company focused on official sports merchandise. Currently involved in eSports and sports betting, its CEO Mike Rubin has already taken to calling the company a 'digital sports platform', saying at a conference in March 2022: “I am locked in to give 100%; Fanatics has created the most incredible digital sports platform in the world”.

Conclusion: The expected IPOs in the technology sector represent a combination of innovation, sustainable growth, and transformative technologies. As these companies prepare to go public, they’re not just asking for money but also aim to leave an indelible mark on the ever-expanding landscape of technology. Investors and tech enthusiasts alike are poised to witness the next chapter in the evolution of these tech titans, eagerly anticipating the impact they will have on industries and societies worldwide.