September 8, 2021
A White Hot IPO Market
Who knew that a global pandemic would be a great time to go public? Allbirds joins a growing list of companies seeking to go public in 2021. With the unofficial end of summer now behind us, we will likely see a rush to the finish line for companies seeking to go public by the end of the year. While SPACs had dominated the IPO market early in the year, all indications are that we will see a rush of operating companies seeking to enter the public markets in the coming months. Thus far, headwinds from the economic outlook and continuing pandemic complications do not seem to have a negative impact on the demand for newly-public companies. Comparisons are inevitably drawn to the dotcom boom of the late 1990s, but is this time different? Only time will tell.
– Dave Lynn