IPOs Galore: The Big Leap From Private to Public

A group of prominent players are preparing for initial public offers (IPOs) next year, setting the stage for a possible frenzy in the market. Stripe, the payments behemoth, heads the list at a valuation of $70 billion. Databricks, another tech unicorn, just raised $10 billion on a $62 billion valuation. Some of the other notable participants are Cerebras Systems, a sizzling AI chip producer, and fintechs such as Klarna and Chime Financial. The Indian market too is red hot, with Tata Capital and Reliance Jio being among the big players slated to go public. The investors are keenly waiting for these listings, which can revolutionize industries ranging from fintech to AI.
Source: Pepperstone, Bankrate, Upstox