The IPO market is not dead.

For many, the days of multiple big-name startups going public seem to be behind us. 2021 was a record year for IPOs, but by 2022, it seemed the glory days were over for good.

But that isn’t the case.

While the IPO market has slowed, it has not stopped.

Data from Ernst & Young shows that there is a significant backlog of IPO hopefuls in the publicly filed and shadow pipeline, eager to access the public markets.

Additionally, the market for IPOs has significantly improved over the past few years.

Valuations are up, volatility is down, inflation may be under control, and interest rates could begin ticking down.

In fact, according to data from Stock Analysis, there have already been 84 IPOs on the US stock market as of June 2024, compared to 72 IPOs by this time last year.

IPOs are coming back and coming back big.

Expect major companies such as Plaid, Discord, Chime, and Turo to make their IPO debut this year.