Tech IPOs are coming back — now they have to perform

CNBC August 28, 2023
Ari Levy

Key Points

– Instarcart and Klaviyo filed to go public on Friday, following Arm’s IPO submission earlier in the week.

– They all have very different stories to tell, and each will help show how much investor demand there is for new tech offerings.

– With a big pipeline of companies waiting to hit the market, the coming IPOs could determine what the rest of the year looks like.

Tech investors last week finally heard utterance of their favorite three-letter acronym: IPO.

It’s been 20 months since a notable venture-backed tech company went public in the U.S., and the chatter in Silicon Valley has centered around who will break the ice. On Friday, grocery delivery startup Instacart and data and...

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