IPOs Are The Hottest Thing in 2023

IPOs are hot-hot-hot. IPOs are the hottest thing in 2023. In the past two weeks we've seen Arm Holdings, Instacart, and Klaviyo all go public through IPO. More than $100 billion in combined valuations over the past two weeks.

Starting off with the largest of the bunch: Arm Holdings.

Arm’s IPO:

Arm Holdings is headquarter in Cambridge, England, and designs semiconductors and the software that powers them. Specializing in designing CPUs, GPUs, and microprocessors.

Arm priced its IPO at $51/share and at the open was valued at almost $60 billion. This represents a price-to-earnings multiple of over 110. Crazy.

Price-to-earnings of some of Arm’s competitors: