Pricing IPOs

I’m feeling a lot more like myself after finally getting some rest over the weekend. Colin is back in daycare for the first time and my sleep schedule is back to normal. I’ll chalk up the past 3 weeks as part bad luck, and part a learning experience for Sophia and I. We need to do a better job planning and saying no. Sometimes that weekend trip just isn’t worth it when we need to rest.

On another topic, the first IPO of the window will launch with Klarna on Wednesday and with Figure going public on Thursday. Then we expect Netskope to go next week.

So far, the theme of pricing fairly conservatively seems to have continued. But it appears that the increased demand has led to the bankers raising the price on these IPOs. Both Klarna and Figure have raised their IPO pricing due to demand. Netskope has announced a $6.5B initial valuation, and I expect that to also increase by the time the company lists next week.

It’s a great indication. Let’s hope that this trend continues.