The IPO market is gearing up for a hot close to the 2nd quarter and a hotter Q3.
That’s The Exchange’s takeaway from current IPO filings from Monday.com (business planning and communications)and a variety of SPAC-led mixes from Bird (scooter sharing), Intense Makers (AI-powered microfactories)and others. Looking ahead, Squarespace (website design and hosting) will direct list this week, while Oatly (pushed grain juice) and Procore (building tech) will price and complete standard IPOs in the next couple of days.
Late recently, Marqeta (card issuing and payments tech) submitted also, and simply today, Flywire (global payments) set a cost variety for its own launching. The 2 fintechs are our targets today, though we’ll take them in sequential posts.
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Public equities have seen some rate declines in recent sessions, and there’s been observable multiples-compression afoot amongst both tech stocks and shares more usually. Lots of business are wagering that it stays a fertile minute to list. A slow drift downward in the worth of innovation earnings, simply put, is not stopping what might be a passionate exit market from here to the end of the year.
Forget the bigger market for now. Let’s narrow our focus to Marqeta, long a beloved of the fintech market though less popular than some business in its sector due
to its infrastructure nature. If you are not knowledgeable about Marqeta, it powers the payment card tech behind products that you utilize, like Square, an essential client and driver of the unicorn’s development. Marqeta exhibits a number of interesting fintech attributes (majority profits from interchange, a rabidly competitive market) that make it extremely interesting to unspool.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.
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