Pro Weekly: IPO Chatter Surfaces Again

Reddit’s initial public offering prospectus, published last week, has reignited chatter that IPOs could pick up this year. According to The Information’s Tech IPO Tracker, at least 16 tech companies could make public debuts in the next 10 months. In another sign of increased activity, artificial intelligence hardware startup Astera Labs released an IPO prospectus in the days before Reddit released its own. 

Lise Buyer, founder of IPO advisory firm Class V Group, said she wouldn’t be surprised if Reddit lists shares this month, noting that companies generally file IPO documents publicly within 30 days of an offering. Several other IPO hopefuls will likely be paying close attention to how Reddit prices its offering and how the stock trades in the first few days, she said.