The lack of activity in the public markets has caused many private companies to rethink their plans to go public. At the moment, the investors’ sentiment is negative, making it unlikely that companies will be able to raise much cash through an initial public offering.
According to a report released by Factset, there were only 92 initial public offerings in the first six months of 2022. This is significantly lower than the record year in 2021 when over a thousand companies went public.
Despite the less activity in the public markets, several exciting IPOs are still expected to be launched in the coming months.
Here are some interesting ones to keep an eye on.
Intel, a leading semiconductor company, revealed that it plans to launch an initial public offering of its subsidiary Mobileye, a leader in developing software and computing chips for self-driving cars. In the meantime, the market for advanced driver-assist systems will grow significantly.
The company could also spin off the business in 2023 if the market conditions remain unchanged.
Payment processing company Stripe is a leader in the field of digital payments. According to the company, millions of businesses worldwide use its platform to process digital payments. It enables its customers to accept payments from various payment networks, such as Visa and Mastercard.
The outbreak of the pandemic has led to the creation of millions of new users for mobile communication start-up Discord. It’s a favorite among gamers and has also gained popularity for its private message and video channels. Unlike other platforms that make money from advertising, the company generates revenue through its premium subscriptions.
The company had initially filed for an IPO in 2021. However, the company’s plans for an initial public offering have been delayed due to the current market conditions. The company’s IPO might take place in late 2022 or early 2023.
Although the company’s growth has been impressive in recent years, the market turmoil has reduced the company’s valuation. It’s believed that the company might be worth less than $15 billion when it goes public in late 2022 or early 2023.
Early in the pandemic, e-commerce company Instacart became a prominent name. Through its partnership with various retailers, such as grocery stores and pharmacies, the company was able to provide consumers with a convenient online shopping experience.