THE GREAT IPO AWAKENING: ARE WE BACK?

Summary from the TLDR Founders newsletter

Last week saw six companies raise $4.4 billion in five days - the busiest IPO stretch since 2021. Klarna priced conservatively at a $15 billion valuation, down from its $46 billion peak, but still popped 15% on debut, while Via Transportation quietly raised $493 million running the software behind 500 million public transit rides annually. Unlike 2021's froth, these IPOs emphasize actual profitability and conservative pricing. There's more coming - Stripe at $65 billion, Databricks at $100 billion, and OpenAI at $300 billion are all preparing debuts that could deliver $200 billion in combined proceeds.