It’s nigh on impossible to find a generalist IPO-related article from the past two years that doesn’t mention Databricks in some way. There’s another sting in the tail: Vinfast has said its EV factory won’t be ready to produce until 2024 - a speculative punt in a market crying out for stability. We have adjusted this downward to $30 billion, noting as well that, aside from a market in turmoil, the increasing competition in the EV space won’t do the listing price any favors. The company previously stated its intention to raise $60 billion at an IPO, but that seems overly ambitious in the current climate. It plans to use the proceeds from an IPO to continue its rapid expansion, build a factory in the US, and cash in on Americans’ current appetite for EVs. Vinfast makes electric vehicles (EVs) and is the latest of a seemingly never-ending line of EVs to hit the stock market. Vinfast is a Singapore-based subsidiary of the Vingroup, a $5 billion Vietnamese business conglomerate. Its position as the number one payments processor in the world makes it a good long-term bet, even if e-commerce sales dip in the short to medium term. Like others on this list, the significant VC funding that the company has received means that it cannot hold off indefinitely, even if the market isn’t what it was two years ago. Stripe registered its intent to hold an IPO with the SEC a year ago, but the date is yet to be confirmed. Stripe will be hoping their performance picks up sooner rather than later. What became abundantly clear is that if companies like Amazon, Apple, and Facebook sneeze, Stripe gets a cold. Since then, its founders, the Collison brothers, have said that they were preparing for “leaner times” and were laying off 14% of the company’s staff.
This time last year, a prediction was made that Stripe would be listed at a valuation of $100 billion. The company’s revenues hit $1.4 billion in 2021. It is filing for IPO with the SEC shows that it values the company at $17 billion - well below where it was expected to be priced, but perhaps an indication that the listing is going ahead regardless of the turbulent market conditions. Intel acquired the company for a massive $15 billion in 2017 and intends to remain the major shareholder after the potential IPO - likely to be in the first half of next year.
#RECENT IPOS TECH DRIVER#
Mobileye manufactures chips and software for self-driving car technology and advanced driver assist systems, which are finding their way into most cars now. The world’s booming demand for microchips and semiconductors is unlikely to fade in the same way as social media, owing to their use in just about everything. Intel subsidiary Mobileye is likely to be one of the more sought-after IPOs in 2011. Why not check out: 11 Best and Most Anticipated IPOs from 2022 (+ 2021) or the 11 Biggest IPOs of All-Time Meanwhile, here are the most highly anticipated IPOs for next year. Ultimately, venture capitalists need their payday, even if the markets are rocky.įor those still considering IPOs in 2023, DealRoom has the tools for you to make it a success. Assuming some stability arrives in the first half of 2023, many of these could still go ahead. One look at the IPOs (tentatively) planned for 2023 shows many that were also supposedly planning a market listing in 2022. Who’d want to enter the market in those conditions? Not many. In total, so far over 70,000 employees have lost their jobs in the tech sector. His response was to lay off 11,000 employees Amazon announced in November that it was to lay off around 10,000 employees across the globe as consumers cut back on their online spending. Even the so-called FANGs no longer look as reliable as they did just a year ago.įrom January to November, Facebook lost three-quarters of its value, as investors expressed their concern about CEO Mark Zuckerberg’s costly fixation with the metaverse. This dearth of new companies, particularly in the tech space, reflects a year in which tech stocks were battered. By the beginning of November, there had only been 66 IPOs in the United States in 2022 - down nearly 90% on the same time period in 2021.
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