A trio of high-profile technology companies, led by semiconductor firm Arm Holdings, is expected to wake up the slumbering new issues market when they go public next month. But don’t expect a gush of businesses listing their shares this year.
In addition to Arm, the other tech IPOs include grocery technology business Instacart and Klaviyo, a data and marketing automation firm. The three companies have each publicly filed registration statements that will allow them to sell shares in the public equity markets. (Another big name expected to list soon is Birkenstock, the shoe brand backed by L Catterton, according to a person familiar with the situation.)
