Pro Weekly: The IPO Pipeline Grows

There’s still no sign of marquee private companies such as Stripe or Databricks listing shares on the stock market anytime soon. But slowly, the pipeline of initial public offering candidates is growing after a quiet few years, according to The Information’s Tech IPO Tracker. 

Our data suggests that 19 companies are likely to go public sometime in the next year. Genetic testing company Tempus AI unveiled its IPO prospectus to the public last week, suggesting it aims to list in June. As my colleague Cory Weinberg noted in his story last week, Tempus neither has shown extraordinary growth, nor has it generated free cash flow, and its IPO paperwork references “AI” nearly three times as much as it did in 2021 when it first attempted an IPO. It all suggests “IPOs are finally getting weird again,” Cory wrote.