A crop of IPOs are coming, starting with chip designer Arm, which is making its debut on Thursday. It's another sign of confidence in markets — and the U.S. economy.
After a long lull since 2021, companies from Birkenstock to Instacart are pursuing IPOs. First up is Arm Holdings, a designer of chips, which is making its market debut on Thursday.Johannes Eisele/AFP via Getty Images
Wall Street hopes Arm will revive the market for initial public offerings — often seen as a key gauge of confidence in markets. Since January, stocks have been on a tear. The broad-based S&P 500 is up more than 15% year to date, and the tech-heavy Nasdaq has risen by more than 30%. A big IPO, like Arm's, can be catalytic, according to Robert Profusek, the global chair of mergers and acquisitions at the law firm Jones Day.What other companies are waiting in the wings?Instacart and Klaviyo, a Boston-based technology company, have filed paperwork to go public.
Still, caution prevails overall. Analysts are not expecting a flood of IPOs yet, and investors and companies thinking about going public will also want to see how Arm does after it debuts on Thursday.
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