By going public, Reddit could find more of a spotlight on its practices and policies. have faced over their roles in the spread of misinformation online. “The valuation may have gotten a bit ahead.”Īn Instacart spokesperson declined to comment about the company’s IPO ambitions.Īs a private company, Reddit has avoided some of the scrutiny that fellow social-media companies Twitter Inc.Īnd Facebook-parent Meta Platforms Inc. “It’s hard to replicate what they did in 2020,” said Martin, whose platform Rainmaker Securities allows for the trading of pre-IPO shares in private companies. One key question is whether the company can live up to that valuation in an IPO that takes place during something more closely resembling post-pandemic times.
The company was last valued at $39 billion in a March 2021 private funding round. New CEOs typically need nine months to a year leading their companies before they can launch into an IPO, according to MKM Partners analyst Rohit Kulkarni, and Instacart in particular may also need a few more quarters “to go through all these reopening headwinds.”ĭon’t miss: There were 1,000 IPOs in 2021 for the first time, but there may be some problems under the hood Veteran, has been at the helm since the summer, and Instacart could be inching closer to a debut, potentially in the second half of 2022. Which went public in December 2020, Instacart has held off on an IPO, instead going through some management changes and working on new growth initiatives. But unlike fellow gig-economy player DoorDash Inc. Instacart had its moment at the height of the pandemic, as lockdowns drove more people to try out grocery delivery. Here’s what to watch for among tech and fintech IPOs, and beyond, in the year ahead.
And following what Rainmaker Securities managing director Greg Martin called a “banner year for fintech” deals, more attention will be focused on Stripe, which notched a $95 billion private-market valuation this year but has thus far resisted the public markets. Among the most highly anticipated candidates within the tech sphere are social-networking platform Reddit, grocery-delivery service Instacart, and data-analytics company Databricks.
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