Equity Monday: IPOs are back and the Equity crew is feasting
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Aug 28, 2023
Stocks are climbing as tech IPOs return, with Instacart and Klaviyo filing to go public. The hosts dissect Instacart’s solid performance and ponder its future scalability. Meanwhile, Klaviyo's potential as a powerhouse in software is under scrutiny. The discussion also covers XPeng's acquisition of Didi's smart EV assets, elevating the conversation on industry partnerships. Plus, there's excitement brewing for the upcoming TechCrunch Disrupt event, where the team plans to record live!
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insights INSIGHT
Tech IPO Revival
The US tech IPO market is potentially reviving after a long drought.
Instacart and Klaviyo's large IPO filings signal renewed confidence.
insights INSIGHT
Instacart's Performance
Instacart's financials are surprisingly strong, with growing revenue and profits.
However, slowing gross transaction volume growth raises concerns about future monetization.
insights INSIGHT
Klaviyo's Potential
Klaviyo, a marketing automation company, is another major IPO candidate.
Its strong growth and profitability make it a potential standard-bearer for late-stage software startups.
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As a small heads up, we had a bonus show over the weekend that is well worth your time! Alright, here’s what’s on the show this morning:
Stocks are up around the world: A good note to start the week on, of course. In the meantime, the crypto market is still dragging. We’re back to minimal week-over-week price movements.
Tech IPOs are back: After a drought that will be talked about for years, it’s raining tech IPOs again! Instacart and Klaviyo have filed their Form S-1s to go public, and we are busy digesting the numbers.
On the Instacart front, read our first impressions here. In short, the company’s trailing performance is super solid, but the question is, how much it can scale total transaction volume in the future.
We are still getting our boots on when it comes to Klaviyo, but the business seems strong. Is it the champion that software companies have waited for? We’ll have to see. More to come on the site later today.
Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.
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