In fintech and banking, Stripe, Klarna, and Revolut are highlighted as potential IPO candidates, with Stripe making moves that suggest a future public offering, although not necessarily in 2025. Klarna has filed confidentially to go public, and Revolut is seen as a strong contender. In health and biotech, Hinge Health and Element Biosciences are preparing for IPOs, with Hinge Health hiring Morgan Stanley to lead its offering. In retail, travel, and consumer sectors, Navan, StubHub, and Discord are preparing for potential IPOs, with Discord diversifying its revenue streams as part of its preparation. Canva is also mentioned as a likely IPO candidate, having hired a CFO with experience in taking companies public.
Key takeaways:
- The IPO market is expected to gain momentum in 2025 after a three-year lull, with several companies poised to go public.
- Enterprise tech and AI companies like Cerebras Systems, CoreWeave, Snyk, and SymphonyAI are strong contenders for IPOs in 2025.
- Fintech companies such as Stripe, Klarna, and Revolut are also potential candidates for going public in the near future.
- Companies in health, biotech, retail, travel, and consumer sectors, including Hinge Health, Element Biosciences, Navan, and Discord, are preparing for possible IPOs.