Big tech IPOs are staging a comeback.
Grocery delivery platform Instacart (CART) and marketing software firm Klaviyo (KVYO) are slated to be the first US tech unicorns to go public since 2021. Both deals pitch a combination of growth and profitability, have cornerstone investors, a relatively low float-to-market cap, and are coming at valuations below their last private round, likely setting the playbook for other VC-backed tech IPOs in this challenging market.
Tech issuers...
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