Looking to shake up your stock portfolio with new opportunities to build wealth in 2024?
A flurry of exciting initial public offerings (IPOs) is on the horizon, with highly anticipated companies finally stepping onto the public stage.
We've compiled a list of the most likely contenders, ready to help you navigate the potential investment opportunities and make informed decisions about adding these newcomers to your mix.
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Social media site Reddit has already filed its initial paperwork for an IPO, which could come to fruition in 2024.
When it started the process, the company estimated its worth to be $15 billion in 2022. But Reddit is still courting advertisers in a way it hasn’t before and dealing with a potential fight with ChatGPT, which may be using Reddit’s user posts as part of its development.
Discount clothing retailer Shein may be turning fabric into cash with a potential IPO in 2024. The retailer is targeting an overall IPO price of $90 billion, which would make it one of the largest IPOs ever listed.
The company hopes its 2024 debut on the stock market can help it raise cash to push its brand into more markets outside of its Chinese base.
Be aware that Shein may also receive increased scrutiny in 2024 as investigators and Congress look into claims that the company violates labor laws and steals designs to help create its pieces.
Clothing retailer Skims has indicated that it could be making its trading debut with a 2024 IPO as it continues to grow as a clothing retailer.
The clothing line, co-founded by Kim Kardashian, makes undergarments and outerwear clothing items for women and men. The company even features some of Kardashian’s favorite picks on its website.
The company recently secured private funding that would value it at $4 billion. That could be a good starting point for its potential IPO pricing when it’s ready to hit the market.
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Website Discord has been teasing an IPO for several years, so could this be the year it makes its debut?
That remains to be seen, as an official IPO date has still not been announced. However, there are signs the social media site could be ready to make the jump this year, which could be encouraging for fans of the social media site and potential investors.
Investors expect Discord to have a valuation of around $15 billion when it finally goes public.
Fast casual restaurant Panera Bread may be ready to serve up shares as part of a 2024 IPO for the food retailer.
The company has been flirting with a potential IPO for the past few years, and recent reports suggest it has filed the confidential paperwork needed to take Panera Bread public this year.
Panera Bread’s JAB Holding also includes Caribou Coffee and Einstein Bros. Bagels in its portfolio.
Consumer payment company Stripe hasn’t announced an IPO yet, but it’s possible to see the company offer shares this year.
Stripe has been talking about going public, with the company’s co-founders announcing in early 2023 that they’ll decide on the IPO within a year.
The company helps small businesses process orders online and in person. It competes with similar small-business transaction company Square.
Databricks is a data analytics software company that has been growing in recent years, particularly with the increased use of AI.
The company recently received additional venture capital funding that put its valuation at $43 billion, which could be a good sign for investors.
Databricks may have a good position compared to other software companies with its investment in AI technologies that are becoming more popular.
Chime could make its debut with shares coming to the IPO market as the financial services company becomes more popular with younger consumers who don’t rely on traditional banking methods or aren’t afraid to embrace new banking technology.
The company had planned to IPO in 2022, but market conditions caused it to reconsider. Current conditions may be better suited for the company to move forward with its plans.
Chime has been building its customer base with fee-free savings and checking accounts, which are less typical than traditional bank accounts with fees attached to them.
Starlink is a satellite internet provider launched by Elon Musk. The company has been making strides in recent years to grow, particularly with Musk’s SpaceX rockets acting as carriers to get Starlink satellites into space.
There was some buzz that Starlink could potentially hit the IPO market in 2024, but Musk has denied those claims for now.
While it remains to be seen if the company makes it to the IPO market this year, there is talk that Starlink could be ready to start trading shares in the next few years.
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Other companies could also move forward with IPOs in 2024, which would be a good sign for the IPO market after dismal offerings in 2022 and a slight rebound from those lows in 2023.
Last year saw the IPOs of companies like retailer Birkenstock, chip company ARM Holdings, and grocery delivery service Instacart, among others. In total, 115 companies had IPOs worth more than $20 billion.
Stocks can be an excellent way to start investing, especially if you have a specific financial goal, such as retiring early or saving for a major purchase several years away.
Research before investing to ensure specific stocks are right for your goals. You may even want to find a financial advisor to help you make these decisions. IPOs tend to be quite volatile and may not be suitable for your risk tolerance.
FinanceBuzz is not an investment advisor. This content is for informational purposes only, you should not construe any such information as legal, tax, investment, financial, or other advice.