The State of the IPO Market
Expect broader re-opening in 4Q23 and 1H24, notes Greg Martin. He discusses the state of the IPO market. He talks about how the IPO bar is still high where it has to beat 5-6% risk-free return, strong growth and profitability metrics, and the scale needs to be $200M+ reoccurring revenue. He goes over some tailwinds for the IPO market including inflation lowering, stabilization of rates, and strong recent performance of tech stocks. Some notable potential IPOs include Instacart, Turo, Databricks, Stripe, and Chime. Finally, he looks at the outlook for tech IPO. Tune in to find out more about the stock market today.