$Valley National Bancorp (VLY.US)$Arm boosts the IPO market,...

According to the Financial Times, chip design company ARM is boosting the IPO market, and a number of Silicon Valley technology companies, such as grocery delivery group Instacart, software company Databricks, and identity verification startup Socure, are reconsidering their listing plans. People familiar with these companies' plans revealed that they will go public after Arm, which is expected to have an IPO next month at the earliest. People familiar with the matter say Instacart may be the first to go public before the end of this year. In May of last year, the company submitted a letter of intent to go public in New York for the first time, but delayed the IPO plan due to market conditions. According to reports, the valuation of this grocery delivery company has plummeted from a peak of 39 billion US dollars in March 2021 to 12 billion US dollars in May this year.