The year 2021 witnessed the highest annual deal volume regarding the funds raised by IPOs. Two thousand three hundred and eighty-eight firms went public in 2021 and raised 453 billion dollars. Experts speculate that IPOs in this year might break the previous year’s deal volume records because several IPOs could go public this year. These firms include Reddit, Chime, Instacart, Discord, and Impossible.
Chime is a digital bank located in San Francisco and is one of the most promising IPOs that could raise vast amounts of money if it goes public. Experts’ evaluation of the company in March this year shows that Chime will go public at 45 billion dollars. Last year, Chime’s CEO, Chris Britt, had said that the company would be ready to go public within one year.
Instacart is a grocery delivery service provider that was to go public in 2021 at 50 billion dollars. However, the company delayed these plans to expand its areas of service provision. The company remains among the top IPOs in the market today.
Discord, an online chat service provider, expects to be the largest IPOs in 2022. Discord has received numerous offers from various giants corporations, including Microsoft, although the company turned down the offers. The latest evaluation of Discord in September 2021 valued it at approximately 15 billion dollars. Currently, Discord has about 150 million active users, with this number having soared from 56 million in 2019 to around 140 million users by the beginning of 2021.
Reddit is a social media giant that competes with big corporations like Facebook and Twitter. It is also among companies that could go public this year. The company’s administration made it clear that it would be going public in 2022 after filing the required paperwork in December 2021. Reddit aims to raise approximately 15 billion dollars, making it among the corporations that could acquire much prominence.
Impossible is a company dealing with vegan-friendly foods, and it premiered in 2011. Pat Brown, the CEO, and Founder of Impossible stated that an IPO for the company was unavoidable in November 2021. Impossible could go public at an estimated 10 billion dollars evaluation.