A wave of upcoming tech IPOs is revitalizing the new listings market. However, most of these startups are expected to fetch diminished valuations, indicating investors' cautious approach towards former high-flying startups.
The Instacart offering is one of the first tests of investor sentiment for VC-backed tech start-ups on public markets in about two years.
Although demand for the upcoming IPOs appears strong, it is fuelled by sharp discounts to...