Wednesday, 3 January 2024

15 startups we think may finally go public in 2024

Plus, 5 trends we're watching this year

January 3, 2024

Hi, Agen. Will 2024 be the year IPOs finally come roaring back, after a more than two-year lull? That seems unlikely, but then again, all venture-backed startups have to exit sometime, so at least some companies will likely decide to head to the public markets this year. With that in mind, we once again offer up some ideas — 15, to be exact — for companies we think would be top contenders when the public markets eventually reopen for new tech listings.

▶️ 15 startups we think could go public in 2024

From big names in enterprise tech to a fast-fashion giant to the fintech startup everyone’s talking about, here are 15 companies that Crunchbase News editors and reporters think could be among the first to go public when the IPO markets thaw.

Between the rapid ascendance of AI and the often dramatic downfall of startups large and small, 2023 was action-packed. We expect 2024 to be the year when things settle down a bit — but that doesn’t mean there aren’t some big trends to watch in the new year. Here are our top five.

🔮 What does the IPO market hold in 2024?

Last year certainly didn’t see the IPO markets for new tech listings come roaring back, as many had hoped. In fact, after lackluster performances by the only two major venture-backed startups to go public, the year ended on a down note. What does that mean for 2024, and how are investors and startup entrepreneurs thinking about going public?

🤑 The largest startup raises of 2023 all had nine zeroes

While funding continued to trend down in 2023, big raises were there to be had. More than a dozen startups in the U.S. — many of them AI startups — raised $500 million or more in funding rounds and some got a lot more than that. We look at the biggest rounds from last year, starting with a $10 billion round to you-know-who.

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