Tech startups Instacart and Klaviyo filed to go public, marking the return of the tech IPO.
Instacart and others going public are profitable, a bar others may have to meet to be successful.
That's when software company HashiCorp and cloud tech company Samsara went public.
Instacart revealed profits of $428 million in 2022 and $242 million for the first six months of 2023.
AdvertisementAdvertisementThat Instacart and Klaviyo are profitable could make them attractive to investors who became skittish in the downturn.
Persons:
Klaviyo, Instacart, Tom Loverro, Loverro, IPOs, hasn't, Joe Kaiser, Kaiser, Cava
Organizations:
Morning, IPOs, P, Sequoia Capital, D1 Capital Partners, Summit Partners, Mercato Partners, Nasdaq, Enterprise
Locations:
Cava