"2024 IPO Outlook: Reddit to Shein Spark Market Revival"

The U.S. IPO market is projected to rebound in 2024, with expectations of Federal Reserve rate cuts and improved market conditions. Renaissance Capital forecasts 120 to 170 deals, potentially raising $20 billion to $45 billion. High-profile companies like Reddit, Shein, and Stripe are among those anticipated to go public, with investors looking for more reasonable valuations following a decrease in private funding and the acceptance of down rounds in 2023. The market's recovery is also supported by companies that have improved their financials during the IPO lull, setting the stage for a stronger year ahead.