Klaviyo priced its IPO at $30 per share, offering 19.2 million shares to the public. This pricing valued the company at $9 billion on a fully diluted basis.
Klaviyo has followed in the footsteps of Instacart and has raised its funding target for the upcoming listing, along with share price range.
The second quarter of 2023 marked the fourth consecutive quarter of declines in deal value, highlighting the prolonged nature of the downturn.
These IPOs align with the broader trend of Chinese companies seeking public listings in Hong Kong, driven by regulatory scrutiny and market dynamics.
The performance of Instacart IPO will provide valuable insights into the appetite for tech-driven companies and the willingness of investors to pay a premium for companies operating in sectors with significant growth potential.
During the Arm IPO, about 95.5 million ADSs will be issued by SoftBank Group’s subsidiary with underwriters having access to 7 million more shares to cover over-allotments.
BlackRock and Alliance Bernstein LP are both willing to buy an aggregate of $100 million worth of Klaviyo’s IPO shares.
As a publicly traded company, Instacart will need to navigate fierce competitions.
Arm has successfully secured a lineup of cornerstone investors for its IPO, including some of the biggest names in the tech industry.
As AI continues to permeate various sectors, Arm Holdings stands to benefit significantly from this technological wave.
The tech industry was abuzz in 2020 when Nvidia announced its ambitious plan to acquire Arm Holdings from SoftBank for a staggering $40 billion before its planned IPO.
Only 9.5% of the Arm American Depository Shares would be available to the general public at the IPO, while SoftBank retains the rest.
Arm was acquired by SoftBank in 2016 for $32 billion and expects to return to public trading to compete with other chip designers and manufacturers.
In the heart of the rapidly evolving EV market in the United States, the Vietnamese automaker is confidently carving out its niche.
Arm is scheduled to go public in September, with the listing of its shares on the Nasdaq exchange. Arm’s market capitalization by that time is expected to be $60 billion to $70 billion, which would make the deal the world’s biggest initial public offering so far this year.