IPO window!

I’ve done a bit this trip to make sure that I stay in a healthy mindset physically and mentally. Normally when I travel, especially to New York, I find myself running on fumes the entire week. My pattern historically has been to take as many meetings as possible, eat like crap, and not get much rest. I’ve tried really hard this trip to get more sleep, drink a lot less alcohol, and work out a lot more. It’s paying off as I’ve been feeling great the last couple of days.

Switching gears. It finally seems like the IPO window is officially open. Instacart had a great debut today and opened at $42 per share. It’s since dropped a little bit and of course, no one knows where the price will be in a few months. But overall, it’s a great sign for tech companies. Klaviyo should be following Instacart shortly and they have a chance to open at close to the last round done in 2021.

Given the recent and rumored successes of the first few IPOs, I expect that a lot of companies will be dusting off their S1s and filing shortly. The window is open now until Thanksgiving so we have about 2 months of IPOs upcoming. Hopefully things hold up and we get to see some success after nearly 2 years of pain.