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The IPOs to expect in 2022: Reddit, TPG and others could hit the Wall Street

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Moomoo IPO Buzz joined discussion · Jan 7, 2022 01:16
Last year has been a blockbuster for the IPO markets. A number of hot companies underwent initial public offerings over the past year, like the Cryptocurrency exchange $Coinbase(COIN.US)$, 'Imagination Platform' $Roblox(RBLX.US)$and Tesla rival $Rivian Automotive(RIVN.US)$.
And even then, a number of big-name companies that planned offerings remained on the bench, and have instead become some of the most anticipated upcoming IPOs of 2022.
Here are 10 of the most anticipated potential IPOs to watch in 2022. Right now, that list includes potential blockbuster offerings such as meme-stock purveyor Reddit, private equity giant TPG and food delivery service platform Instacart.
Reddit
The IPOs to expect in 2022: Reddit, TPG and others could hit the Wall Street
Social media platform Reddit confidentially filed for IPO in December 2021.
The company was valued at about $10 billion as of August and seeks a valuation of more than $15 billion.
It uses the cachet it earned from 2021's meme stock frenzy to get a taste of Wall Street itself. Except for GameStop (GME) and AMC Entertainment (AMC), WallStreetBets also works to ignite short squeezes in many stocks.
Along with Fidelity, Reddit's investors include venture-capital firms Andreessen Horowitz and Sequoia Capital, and Chinese technology conglomerate Tencent.
TPG
Renowned private equity firm TPG has submitted paperwork for an initial public offering in December 2021. According to the Wall Street Journal, it could be valued at $10 billion.
TPG is one of the last big private equity firms to join the stock market. Its main peers have gone public already, including Apollo Global Management (AINV) , Blackstone (BX) , Carlyle Group (CG) and KKR (KKR) .
The firm is an early investor in businesses such as Uber Technologies Inc. and Airbnb Inc. According to its SEC filing, it had $109 billion in assets under management as of Sept. 30.
Instacart
The IPOs to expect in 2022: Reddit, TPG and others could hit the Wall Street
The grocery delivery service giant Instacart was originally hoping to dive into public markets last year at a rumored valuation of $50 billion. The plan was delayed until this year to help broaden services beyond simple food delivery.
Instacart has a fast-growing advertising platform that retailers can tap to promote their products in search results, which differs from its competitor Doordash having plunged about 15% since its IPO debut.
It enjoys backing from a who's-who of Silicon Valley venture capital firms like Kleiner Perkins, Andreessen Horowitz, Sequoia Capital and Y Combinator.
Databricks
The IPOs to expect in 2022: Reddit, TPG and others could hit the Wall Street
Combining "Big Data", "Artificial intelligence" and "Analytics", big data unicornDatabricks was backed by notable institutions like BlackRock Inc. (BLK) and T. Rowe Price Group Inc. (TROP).
Its latest funding round came in August 2021, when the firm raised $1.6 billion at a $38 billion valuation, according to the U.S. News.
The platform achieved massive adoption alongside growing needs to use systems such as artificial intelligence and machine learning.
Over the years, the company has amassed a customer base of more than 5,000, which includes large corporations such as CVS Health (CVS), Comcast (CMCSA), Condé Nast and Nationwide.
Stripe
The IPOs to expect in 2022: Reddit, TPG and others could hit the Wall Street
As the PayPal's competitor, payments giant Stripe is the apple of private investors' eye.
The company was reportedly talking to investment banks in September about a market debut this year. Its latest valuation is $95 billion after funding in April, according to Forbes.
Stripemakes payments software for e-commerce and processes payments for a number of massive players, including trillion-dollar Big Tech behemoths Amazon.com and Alphabet Inc.'s Google.
Chime
The IPOs to expect in 2022: Reddit, TPG and others could hit the Wall Street
According to Forbes, San Francisco digital bank Chime is in talks to go public at a valuation of up to $45 billion as soon as March.
The company is reportedly targeting a valuation between $35 billion and $45 billion in an IPO that could come as soon as the first quarter of 2022, according to U.S. News.
Chime does away with monthly fees, overdraft fees, account minimums and more. This philosophy, along with its mobile-first online banking, has been a hit with consumers and investors alike.
Discord
The IPOs to expect in 2022: Reddit, TPG and others could hit the Wall Street
Discord is a resultant system which allowed for instant messaging, video and voice calls.
Its latest valuation is $15 billion after funding in September, according to Forbes.
The compamy was popular with gaming communities on Twitch and Reddit in the early days. By 2018, Microsoft's Xbox had agreed to integrate the platform with Xbox Live accounts. Microsoft made overtures to acquire the company for at least $10 billion last year, but the deal fell apart.
The COVID-19 pandemic had a positive impact on Discord's user base. Monthly active users (MAUs) doubled in 2020 to 140 million, and revenues jumped from $45 million to $130 million.
iFit Health & Fitness
The IPOs to expect in 2022: Reddit, TPG and others could hit the Wall Street
Connected fitness company iFit Health & Fitness was slated to go public in October before scuttling the deal at the last minute.
A more precise valuation is tough to pin down, but a 2020 funding round reportedly valued the company at $7 billion, according to U.S. News.
Today, the company is the No. 1 provider of large fitness equipment in the U.S.
Also, iFit has been aggressive in investing in technology; today, its new devices are connected via the cloud and mobile apps. The software systems use biometric data to optimize workouts – in real time. It also boasts compelling interactive content.
ThoughtSpot
The IPOs to expect in 2022: Reddit, TPG and others could hit the Wall Street
Data analytics startup ThoughtSpot's last round of funding was a Series F in November 2021 in which it raised $100 million at a $4.2 billion valuation.
Its founder Ajeet Singh has actually helped build another billion-dollar company, cloud infrastructure and services firm Nutanix (NTNX) with a valuation of roughly $7 billion.
The platform allowed organizations to integrate myriad sources of data and to set up sophisticated dashboards.
It released its first software-as-a-service offering in 2020 fall, and a year later, its cloud offerings make up the majority of its revenue.
Impossible
The IPOs to expect in 2022: Reddit, TPG and others could hit the Wall Street
Beyond Meat Inc. (BYND) competitor Impossible Foods is the plant-based meat company behind the famed Impossible Burger.
According to U.S. News, the company was reportedly in talks to go public as early as April 2021, and it has recently sought private money at a valuation of $7 billion.
Its fake meat products are now in more than 20,000 stores and growing globally. With a larger societal attitude slowly turning away from meat in favor of alternatives, expect plenty of investor interest in its stock.
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