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Instacart, Klarna lead thin IPO market heading into the New Year

Retail Brew

It’s a new year, which means a new crop of companies will tackle the IPO market. This year, however, there are fewer contenders, as investors are a lot more weary given the economic conditions.

But what’s the outlook for companies that have already filed an IPO and are expected to go public? Here’s what experts told us.

Instacart: The grocery delivery service shelved plans to go public last year, as factors such as inflation, fears of a recession, and the war in Ukraine scared off Wall Street. The pandemic ratcheted up the adoption of grocery delivery rapidly, but that effect essentially wore off by June of last year, Daniel McCarthy, assistant professor of marketing at Emory University, told Retail Brew.