IPO Market Outlook: Companies to Watch in 2024

By Jace Dela Cruz

Dec 28, 2023 04:22 AM EST

Investors expect a rebound in the 2024 IPO market. The year 2023 witnessed an 8% decline in initial public offerings (IPOs) compared to the previous year, totaling 968 worldwide in the first three quarters. 

According to Euronews, the outlook for 2024 is positive, driven by the potential interest rate cuts by major central banks, including the US Federal Reserve and the European Central Bank. 

Here are the companies that are expected to list in 2024.

Markets Open For Last Trading Week Of 2023
(Photo : Spencer Platt/Getty Images)
NEW YORK, NEW YORK - DECEMBER 26: Traders work on the floor of the New York Stock Exchange (NYSE) on the first day back since the Christmas holiday on December 26, 2023 in New York City.

IPO Market Outlook: Companies That Are Expected to List in 2024

The popular social discussion platform Reddit, which previously delayed its IPO due to market conditions and investor concerns, is now in talks with potential investors, aiming for a debut in Q1 2024 with an estimated valuation of around $15 billion (€13.7 billion).

Fintech firm Klarna, having established a holding company in the UK, is reportedly in the early stages of its 2024 IPO plans, with investors anticipating a debut early next year with an estimated value of around $7 billion. 

Stripe, the payments platform provider, plans a direct listing in 2024, prioritizing a trading avenue for shareholders over fundraising, showcasing its established position.

Fashion powerhouse Shein eyes a 2024 debut on a US exchange, confidentially filing papers for a valuation ranging from $60 billion to a potential $90 billion. Like other Chinese companies in the US, the company has also been dealing with legal issues lately.

READ ALSO: S&P 500 Could Sink 20% This Spring, Then Hit Record High by End of 2024, Investment Strategist Says 

Other Companies Seen to List in 2024

Ola Electric is set to be the first Indian electric vehicle maker to go public with a valuation between $7 billion and $8 billion, according to Euronews.

Software firm Databricks, which postponed its potential listing this year, is reportedly eyeing the first half of 2024. Investors think that the company's improved AI strategy and its recent acquisition of MosaicML could make this the perfect time to go public.

Rubik, renowned for the Rubik's Cube, is also preparing for a 2024 IPO, engaging Citibank, Barclays, and Goldman Sachs, with a valuation potentially surpassing the initially eyed $4 billion. 

Lastly, stablecoin issuer Circle could also be contemplating a 2024 IPO despite the recent crypto market downturn. In February 2022, the firm was valued at around $9 billion, but its IPO valuation could vary, depending on how stablecoin USDC performs.

READ MORE: JPMorgan Chase Says Ethereum Will Outperform Bitcoin, Other Cryptocurrencies in 2024 

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