where are all the new tech stocks the wait will soon be over a huge wave of software and fintech initial public offerings is building for the coming weeks bankers and executives say that wave is coming after a slowdown in august when there were only 10 ipos in the us raising a total of 12 billion according to dealogic justin kotzin an operating partner and head of capital markets at growth equity firm general atlantic says he expects a “robust pipeline of companies” seeking to go public after labor day similar to what the ipo market saw in june and july “there continue to be a lot of really highquality growth companies that have yet to go public” he says jordan stuart a market strategist for the federated hermes kaufmann funds that focus on small mid and largecap companies and invests in ipos agrees “with zoom meetings and things normalizing a little bit there will be a lot of ipos in september and october” he says ipos expected for september include restaurant software company toast on holding the sneaker company backed by roger federer dutch bros coffee authentic brands owner of forever 21 and sports betting provider sportradar group all are pursuing a conventional ipo meaning that they will use the offering to raise fresh capital warby parker the trendy eyewear brand is also going public but will do so through a direct listing businesses that use this method don’t raise fresh funds but allow existing shareholders to sell their stock warby will be the fifth company this year to use a direct listing roblox ticker rblx coinbase global coin squarespace sqsp and ziprecruiter zip have each used the method to enter the public markets there are also businesses that have confidentially filed to go public yogurt company chobani and rivian the electric truck startup backed by amazoncom amzn and ford motor f have each submitted paperwork to the securities and exchange commission for their public offerings expect both chobani and rivian to make their market debuts later this year one big name that is expected to launch its ipo soon is instacart the grocery delivery app instacart raised 265 million in march at a 39 billion valuation which could jump to 50 billion with an ipo the startup is reportedly considering using a direct listing instacart declined to comment several wellknown fintechs could go public later this year or in 2022 this includes chime financial a provider of feefree mobile banking that raised 750 million in funding last month at a 25 billion valuation nubank the brazilian digital bank backed by warren buffett’s berkshire hathaway brkb is also seen filing for a us ipo that could value it at more than 55 billion chime didn’t return messages for comment while nubank declined to comment the biggest of them all is stripe the payment processing software provider that is used by google peloton interactive pton amazon and instacart stripe was valued at 95 billion in its latest funding round in march it is a perennial favorite to go public stripe didn’t return messages for comment this year 698 ipos including specialpurpose acquisition companies or spacs have raised roughly 2263 billion as of aug 31 dealogic says that is more than triple the 189 new issues that collected 752 billion for the same period in 2020 technology has been one of the busiest sectors of the ipo market this year there were 91 tech offerings valued at 554 billion all five of this year’s biggest deals— coupang cpng didi global didi bumble bmbl robinhood markets hood and playtika holding pltk—were tech deals general atlantic’s kotzin says he expects to see “a spate of technology and software ipos through the end of the year” one class of new stocks may not be as prominent as before chinese companies didi global often referred to as the uber of china raised 44 billion in june in the year’s secondbiggest ipo but the ridehailing company reportedly went ahead with the offering without getting full approval from chinese authorities the political fallout has led chinese regulators to propose new rules that could ban dataheavy tech companies from listing in the us as a result chinese tech companies are likely to pause their plans to list in the us though smaller companies may push forward says stuart of federated hermes “there is always an appetite for chinese equities” another corner of the ipo market that likely won’t be as busy are spacs blankcheck companies were a major driver of the us ipo market last year and into the first quarter of 2021 of the 698 ipos so far this year roughly 60 or 417 were spacs several deals however have seen their share prices drop while some transactions have busted spacs have also come under scrutiny by the sec all of this has caused momentum to fade from the oncebooming spac space and it means that more companies will likely use traditional ipos to list their shares “we expect a growing number of capitalseeking firms will turn to the traditional ipo market in the third and fourth quarters of this year” stuart says