A list of the best initial public offerings (IPOs) that buyers can’t miss in March 2024
In March 2024, the initial public offering (IPO) market is likely to be very busy. This is because a lot of well-known startups and companies are getting ready to go public and receive money from investors.
These are the best IPOs to keep an eye on in March 2024, ranked by how big they are projected to be, how much they are worth, and how much they can grow.
Reddit:
Steve Huffman, co-founder and CEO of Reddit, says that the company plans to go public in March 2024. Reddit is a famous website for social news, discussion, and content creation.
The public sale is meant to bring in about US$10 billion, which would put the value of the company at about US$50 billion. Over 430 million people use Reddit every month, and each month they view more than 100 billion pages.
Reddit is also known for its active and varied communities, or “subreddits,” that talk about a lot of different themes, interests, and points of view. Advertising, premium fees, and awards bring in most of Reddit’s money.
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Rubrik:
The CEO of cloud data management company Rubrik, which offers backup, recovery, and security options, says the company is getting ready to file its IPO papers soon. Rubrik wants to get about $8 billion from the IPO, which would put the value of the company at around $40 billion.
Rubrik manages more than 1.5 exabytes of data across various clouds for more than 3,000 customers, such as Cisco, Expedia, and Pfizer. Software licenses, subscriptions, and skilled services bring in most of Rubrik’s money.
ServiceTitan:
The co-founder and CEO of ServiceTitan, Ara Mahdessian, says that the company will go public in March 2024. ServiceTitan is a software company that offers cloud-based solutions for home and professional service businesses.
ServiceTitan wants to get about US$6 billion from the IPO, which would put the value of the business at about US$30 billion. ServiceTitan has more than 8,000 customers who work with more than 20 million homes and bring in more than $20 billion a year. ServiceTitan mostly makes money from selling devices, software subscriptions, and transaction fees.
Turo
It is a peer-to-peer car-sharing platform that lets users rent and sell their cars. According to its CEO, Andre Haddad, the company plans to go public in March 2024.
Turo wants to get about $4 billion from the IPO, which would put the value of the company at about $20 billion. Over 14 million people use Turo every month, and they can rent out more than 800,000 cars in 5,500 towns in 56 countries. Commissions, security fees, and delivery fees bring in most of Turo’s money.
Ibotta:
The founder and CEO of Ibotta, a mobile app that gives you cash back and prizes for shopping, says the company is getting ready to file its IPO papers soon. The IPO is expected to bring in about US$3 billion, which would put the value of the company at about US$15 billion.
It has more than 40 million users who have won more than $1 billion in cash back and rewards from more than 1,500 stores and brands. Advertising, referrals, and agreements bring in most of Ibotta’s money.
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