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CAVA News

Here's what the top-performing IPOs of 2023 tell us about 2024

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Get ready for a bevy of biotech IPOs. The 30 IPOs that raised $100 million or more in 2023 currently average a strong 25% return from offer, thanks to solid first day gains (+14%) that have built in the aftermarket (+9%). ...read more

Pessimism over Fed policy and geopolitical tensions topple year's large IPOs; here are the deals that have weathered the recent turmoil

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After a strong rally through July, markets have treaded water for the past three months as investors grow pessimistic about the possibility of near-term rate cuts, against a backdrop of political gridlock in the US and a new war abroad. The year's sizable IPOs...read more

Back so soon? Early lock-up provisions return to the IPO market with VC-backed tech

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Instacart (CART) and Klaviyo (KVYO) are bringing back more than just VC-backed tech. In addition to being the first US tech unicorns to go public since 2021, the grocery delivery platform and marketing SaaS company both...read more

Nearly 80% of the year’s large IPOs are above issue, a positive signal for the fall IPO market

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The year's crop of large IPOs is off to a strong start, with nearly 80% currently above issue. As long as these solid returns hold, we expect a decent harvest of public listings in the fall. So far this year, 19 IPOs have raised $100 million or more, outpacing...read more