The IPO market has been frozen for quite some time, much like a Nordic lake dotted with fishing huts. However, recent news indicates that a thaw may be on the horizon.
TripActions Files Confidential IPO Paperwork
According to News from Insider, TripActions, a unicorn in the corporate travel and expense category, has filed confidential paperwork to go public. The company is targeting a Q2 2023 public debut at around a $12 billion price tag (Bloomberg’s Katie Roof, a former TechCruncher, first reported that TripActions was eyeing an IPO).
This news is music to our ears, as we’ve heartily missed S-1 filings this year. The lack of new data has made it challenging for us to understand the current market trends. Instacart clears the path to the IPO window being open again.
Instacart’s Path to IPO
Mix in the fact that we’re expecting a late-2022 Instacart S-1 filing and perhaps even debut, and now we have two potential decacorn public offerings on our dockets. These are going to be big, noisy, large-dollar transactions that will provide valuable data concerning market appetite for tech shares generally and shed light on two important startup sectors’ respective worth.
What We Hope to Learn from Each IPO Filing
Today, we’re going to discuss what we hope to learn from each IPO filing and which startups will be impacted by those particular data points.
Instacart: What We Want to Understand
Recall that Instacart has been a leader in the grocery delivery space. However, its growth has slowed down in recent times. Here’s our rundown of things we’d like to better understand:
1. Grocery Delivery Market
- How lucrative is the grocery delivery market?
- What impact has Instacart’s expansion into new markets had on its overall business results?
2. Competition
- How competitive is Instacart’s core market, and how much recovery juice is left there?
3. Growth Story
- Are we back to 90% of former delivery levels? Or 50%?
TripActions: What We Want to Understand
Turning to TripActions, we have a very different list:
1. Corporate Travel Market
- How lucrative is servicing the corporate travel market?
2. Expansion into Corporate Spend Market
- What impact has TripAction’s expansion into the corporate spend market had on its overall business results?
3. Competitive Landscape
- How competitive is TripActions’ core market, and how much recovery juice is left there?
4. Capital Costs
- We hear that money is getting more expensive. Hopefully, we can learn a bit more about the impacts thereof when TripActions files.
Fast-Forward to the Numbers
We could go on, but that’s the key stuff we have bouncing around in our heads. Now we merely want to fast-forward and get to the damn numbers.
Topics
- EC Market Analysis: Understanding market trends and analyzing data.
- Instacart IPO: Examining Instacart’s growth story and its impact on the market.
- TripActions IPO: Analyzing TripActions’ expansion into corporate spend market and its competitive landscape.
- United States: Focusing on the US market and its potential for growth.
Conclusion
The IPO market has been frozen, but recent news indicates that a thaw may be on the horizon. With Instacart and TripActions filing confidential paperwork to go public, we’re expecting two potential decacorn public offerings. These transactions will provide valuable data concerning market appetite for tech shares generally and shed light on two important startup sectors’ respective worth.
As we fast-forward to the numbers, we’ll be examining Instacart’s growth story, TripActions’ expansion into corporate spend market, and their competitive landscapes. Stay tuned for more insights and analysis.
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