Quick overview

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High expectations for the upcoming months have been fueled by a wave of initial public offerings (IPOs) in August, led by Klarna Group Plc. This has opened the door for about half a dozen companies to start marketing their listings as early as next week, potentially.

The US Securities and Exchange Commission received an update from the digital payments company in August, requesting 15 days to incorporate its latest financial results, showing that it is ready to move forward with a listing.

Klarna was preparing to resume its halted IPO plans as soon as September. Among the companies it plans to join are Gemini Space Station Inc., the cryptocurrency exchange run by the Winklevoss twins, who are billionaires, and the blockchain finance firm Figure Technology Solutions Inc., which is implementing new paperwork.

Under US SEC rules, companies must wait 15 days after their initial public filings before they can begin marketing their IPOs. This means that firms like Gemini and Figure could start marketing their IPOs after the Labor Day holiday.

Blackstone-supported Legence Corp., an HVAC engineering contractor; Black Rock Coffee Bar Inc., a beverage chain; and Via Transportation Inc., a public transit software company, also filed for possible IPOs in August. Companies such as Netskope Inc., a cybersecurity firm; online retailer Pattern Group Inc.; and WaterBridge Infrastructure LLC, a water infrastructure company backed by Five Point, submitted IPO applications last week and could begin marketing as early as the first week of September.

StubHub Holdings Inc., the ticketing platform, also updated its IPO filing this month..