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Although Instacart's market value at public listing was only a fraction of its 2021-valuation of $39 billion, it came at a time when there is some resurgence of optimism from tech companies towards the public market. Prior to this, SoftBank-owned British chipmaker Arm made a debut at the bourses on September 14.
Shares of marketing automation firm Klaviyo closed lower than their first-day high, raising doubts about the revival of new listings. The decline in the stocks of Arm Holdings and Instacart further added to concerns. The IPO market has gained attention after a dry spell, but high interest rates and recent declines in the US stock market make it a challenging time for offerings.
Despite a resilient economy and buoyant stocks, listings are still thin on the ground
News and developments from the week gone by, through numbers and charts.