Jay Ritter
Cordell Eminent Scholar Jay Ritter

Pro Take: Instacart, Klaviyo IPOs Will Help Thaw Late-Stage VC, but Not for All

Finally, the ice is breaking on new technology company IPOs. That will help defrost the later-stage venture market, but only for some companies—those getting close to profitability and willing to accept lower valuations. The rest will continue to struggle to raise capital.

Grocery delivery company Instacart, which went public Tuesday, is the first significant venture-backed tech initial public offering since the January 2022 listing of Credo Technology Group Holdings, said Jay Ritter, Cordell Eminent Scholar. The next expected debut this week is for the marketing automation company Klaviyo. 

Read more in this story from the Wall Street Journal.