Morgan Stanley banker sees 10 to 15 more tech IPOs in 2024, and a 'better year' in 2025
Publishing timestamp: 2024-04-29 16:36:35
Summary
Morgan Stanley expects 10 to 15 more tech offerings this year and a "better year" in 2025. The IPO market has seen a resurgence after a lull in 2022, with recent offerings pricing high and trading well. Valuations are back to levels seen in 2018 and 2019, and companies are getting fair prices for growth. Most valuable late-stage companies like SpaceX, Stripe, and Databricks have yet to go public, but when they do, they are expected to be blockbuster offerings.
Sentiment: POSITIVE
Tickers: UNDEFINED, RDDT, TSLA, ALAB, MS, AMZN, PINS, MSFT, GS, RBRK,
Keywords: astera labs inc, microsoft corp, reddit inc, klaviyo inc, tesla inc, breaking news: technology, business news, technology, goldman sachs group inc, instacart (maplebear inc), rubrik inc, amazon.com inc, ipo, morgan stanley, pinterest inc,
Source: https://www.cnbc.com/2024/04/29/morgan-stanley-sees-10-to-15-more-tech-ipos-in-2024-better-2025.html