This is a list of the best March 2024 initial public offers (IPOs) that folks can’t miss.
Early-stage company sales (IPOs) are expected to be very busy in March 2024. This is because a lot of well-known startups and businesses are getting ready to go public and get money from investors.
Keep an eye on these IPOs in March 2024. They are ranked by how big they are expected to be, how much they are worth, and how much they can grow.
Reddit:
Reddit’s co-founder and CEO, Steve Huffman, says the company hopes to go public in March 2024. Reddit is a well-known site for social news, debate, and making content.
The company would be worth about US$50 billion after the public sale, which is expected to bring in about US$10 billion. Every month, more than 430 million people visit Reddit and look at more than 100 billion pages.
It’s also known for its lively and varied communities, or “subreddits,” where people talk about a wide range of topics, hobbies, and points of view. Most of Reddit’s money comes from ads, extra fees, and prizes.
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Rubrik:
Rubrik is a cloud-based data management business that offers backup, recovery, and security services. The CEO of the company says that the company is almost ready to file its IPO papers. Rubrik wants to get about $8 billion from the IPO. This would make the company worth about $40 billion.
Rubrik is in charge of more than 1.5 exabytes of data spread across multiple clouds for more than 3,000 clients, including Cisco, Expedia, and Pfizer. The main ways that Rubrik makes money are through software rights, subscriptions, and skilled services.
ServiceTitan:
Ara Mahdessian, co-founder and CEO of ServiceTitan, says the business will go public in March 2024. ServiceTitan is a software company that helps home and professional service businesses with their needs.
It wants to get about US$6 billion from the IPO. This would make the company worth about US$30 billion. A lot of people use ServiceTitan. They work with over 20 million homes and make more than $20 billion a year. ServiceTitan mostly gets money by selling things like devices, software subscriptions, and fees for transactions.
Turo
It’s a free service that lets people rent and sell their cars with each other. As CEO Andre Haddad has said, the business plans to go public in March 2024.
Turo wants to get around $4 billion from the IPO. This would make the company worth around $20 billion. Every month, more than 14 million people use Turo to rent more than 800,000 cars in 5,500 cities across 56 countries. Turo makes most of its money from security fees, shipping fees, and commissions.
Ibotta:
When you shop with the Ibotta app on your phone, you can get cash back and gifts. The app’s founder and CEO says the company is almost ready to file its IPO papers. The IPO should bring in around US$3 billion, which would make the company worth around US$15 billion.
More than 40 million people have used it and won points and cash back from more than 1,500 shops and brands worth more than $1 billion. Ibotta makes most of its money from ads, recommendations, and deals.
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