The highly anticipated IPOs of Reddit and Astera Labs garnered a lot of attention in the media last week. And rightfully so – both of these tech companies not only priced well but also traded with great enthusiasm. It was a refreshing sight after a long dry spell of technology offerings. For private-market tech companies, it was a much-needed win, and for investors, it was a much-awaited sigh of relief.
While these two IPOs stole the spotlight, there was another offering that was equally noteworthy with a tech angle – Trump Media and Technology Group. This is the company responsible for the creation of Truth Social, a new social media platform. More details on TechCrunch here, but essentially, after months of negotiations, the company merged with its chosen SPAC and began trading.
Undoubtedly, the company has a challenging road ahead of it in terms of financial success. However, the fact that we witnessed two major debuts last week, along with another public-market transaction, is a clear indication that the IPO window is well and truly back, isn’t it?
