The September public debuts of Arm, Klaviyo and Instacart signaled the public markets could be opening up again. After all, these were the largest tech IPOs in more than 18 months.
However, since these debuts, zero venture-backed companies in the U.S. markets have listed above a billion dollars. And Klaviyo and Instacart are down from their IPO price by 22% and 33%, respectively, as of Dec. 31, 2023, around three months since going public. READ MORE