The Best 3 IPOs to Watch Out For in 2024
Investing.com — 2024 could be a strong one for initial public offerings (IPOs), with several significant companies gearing up for their public debuts.
Among the highly anticipated IPOs, three stand out: Reddit, Shein, and Stripe. As the IPO market gains momentum, these companies are expected to capture the attention of investors and industry experts alike, signaling potentially new investment opportunities.
The latest reports state Reddit is seeking a valuation of up to $6.5 billion in its upcoming IPO, with the company planning to value its IPO at between $31 and $34 per share.
The social media giant filed to go public in February. The company, which is said to be planning to launch its IPO in March, is aiming to trade on the New York Stock Exchange (NYSE) under the RDDT ticker symbol.
According to Gregory Sichenzia, founding name partner of Sichenzia Ross Ference Carmel, Reddit is “the only viable candidate” of the three IPOs, although he notes they face “many hurdles,” including its $6.5 billion valuation.
“It has previously offered stock privately at a $10 billion valuation. It now plans to offer stock to its users rather than institutions, which will pose additional trading risks and volatility,” Sichenzia told Investing.com.
For Shein, a potential US IPO seems to have hit some roadblocks. Sichenzia notes the company “seems to have stalled its U.S. IPO and is now looking to other jurisdictions.”
The latest reports state the fast fashion retailer is considering the possibility of changing its initial public offering from New York to London. This is due to hurdles to listing in the US. The company was founded in China but is now headquartered in Singapore.
While the US is still the preferred destination, Shein’s links
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