Wednesday, 23 August 2023

A shot in the arm for the IPO market?

Plus, a big round — at a big valuation cut

August 23, 2023

Hi, Agen. Thirty billion chips a year. Ninety-nine percent of the world’s smartphones. A potential $70 billion public valuation. There are a lot of big numbers behind chip designer Arm Holdings as it aims for a long-awaited public market debut. But will it meet expectations — and will it help kickstart an IPO market that’s been in the doldrums for two years? We look at Arm’s potential blockbuster IPO and renewed optimism that the IPO market is reawakening.

😴 Is the IPO market waking up?

Arm filed its IPO plans this week, and Instacart is expected to do so any day now. The performance of these two very different highly valued and well-branded companies will be a test of investor appetite in the next wave of technology IPOs, which some market watchers predict could perk back up this year and in 2024.

πŸ’° Fintech raises big round — at a big valuation cut

Fintech startup Ramp has raised a fresh $300 million to use for product development and hiring, but at a 28% discount to its previous valuation. The company joins the growing list of startups that have had to face the new realities of the private market after a record-shattering run.

πŸ’ͺ What to know about Arm’s blockbuster IPO

Chip designer Arm Holdings, widely viewed as one of the most important technology companies in the world, filed plans this week to go public. We look at the SoftBank-owned company’s key numbers, why its debut matters, and the long list of companies that reportedly want a piece of that IPO.

πŸͺ“ Big cuts for blockchain and biotech startups

At least 1,000 U.S. tech employees lost their jobs in the past week, per The Crunchbase Tech Layoffs Tracker. That includes a complete shutdown at a blockchain startup and a large round of cuts at a biotech company that also filed for bankruptcy protection.

πŸ§‘‍πŸ’Ό Startups take notice of growing hybrid work trend

It’s estimated that by the end of this year, more than half of U.S. knowledge workers and close to 40% globally will have hybrid work arrangements, in which they go into the workplace at least once a week. But hybrid work also presents plenty of challenges for employers, from managing desk sharing to IT security. We look at the funded startups tackling those issues.

Related Crunchbase Pro list: Venture-Backed Hybrid Work Startups

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