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Q3 2023
IPO and S1 Navigator: Essential Data and Valuation Trends
October 23, 2023
IPO rebound left in the lurch
2023 brought a limited crop of IPOs to market, and the results have been mixed—ranging from remarkable (Arm, Cava) to crummy (Instacart, Birkenstock).
Our first-ever IPO and S1 Navigator report dives deep into the essential data and valuation trends to chart a course for what is ahead.
Key takeaways
- Investors have high expectations for valuations that are keeping a lid on the supply of new entrants.
- These price expectations are at odds with a fresh dip in stocks and a higher-for-longer interest rate outlook.
- Revenue growth is decelerating, pushing out the timeline for startups to grow into their former valuations.
Table of contents
| Key takeaways | 1 |
| Klaviyo IPO valuation analysis | 4 |
| Instacart IPO valuation analysis | 6 |
| Arm IPO valuation analysis | 8 |
| Gamer Pakistan IPO valuation analysis | 10 |
| BrightSpring IPO insights | 10 |