US IPOs From Natural Gas to Bacon Set to Raise $18 Billion
Wall Street is gearing up for a busy IPO season, with major companies eyeing significant deals this year
US, IPO, Natural Gas, Bacon, Smithfield Foods, Chime Financial, Venture Global
New York: So, Wall Street is buzzing with excitement as 2025 kicks off. They’re diving into a bunch of IPOs, and it looks like some big bucks are on the table.
Just the other day, Smithfield Foods, the giant in pork production, filed for an IPO. They might pull in over a billion dollars! Can you believe that?
And it’s not just them. Venture Global, a major player in liquefied natural gas, is also in the mix, hoping to raise more than $3 billion. That’s a serious chunk of change!
Plus, there are other companies like Medline and Chime Financial that are getting their paperwork ready. It’s like a race to the finish line for these firms.
All in all, at least nine companies are looking to raise around $18 billion this year. If the market stays friendly, we might see even more jump in.
Bankers are feeling optimistic about 2025, especially if the new president keeps things steady. They’re hoping for lower interest rates, which could really help out.
But here’s the kicker: some of these companies are huge! Chime and others are valued at over $20 billion. That’s going to test how much cash investors have on hand.
In the last three years, only ten deals raised over a billion bucks on US exchanges. That’s a bit low compared to the past decade.
Brad Bernstein from FTV Capital mentioned there’s a lot of demand, but with so many companies wanting to go public, it’ll be interesting to see where the buyers are.
How these big names perform will be crucial. Last year was a bit slow for IPOs, but the new companies mostly did well, outperforming the S&P 500.
Even though 2024 saw a nice jump in IPO activity, it’s still recovering from those interest rate hikes. They raised $43 billion last year, but that’s still below pre-pandemic levels.
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