Some Tech Companies Still Considering US IPOs This Year, Says Citi

According to analysts at Citi, despite unfavorable conditions for initial public offerings (IPOs) in the United States, a number of technology companies are still contemplating the possibility of going public in 2024. This statement comes amid a slowdown in the high valuations that have characterized recent years when tech startups sought to attract investment.

Recently, the IPO market has faced substantial pressure due to macroeconomic factors such as inflation and interest rates. However, Citi believes that certain companies still have the potential for successful stock placements. The bank highlights several key players, including startups in artificial intelligence, cloud technology, and cybersecurity.

Key trends, according to experts, also include a shift towards more sustainable business models and a focus on profitability, which may make such companies more attractive to investors. Additionally, given the current market situation, improvements in IPO conditions may occur, enticing new companies to pursue public offerings.

Citi forecasts that IPO market activity is likely to become more vibrant by 2024, with new technologies and companies ready to offer intriguing investment opportunities. The bank also advises investors to be cautious, carefully analyzing risks and opportunities before making investment decisions.