Based on a few of the comments on this thread, I wanted to point out that filing an S-1 is not something that you just do overnight. When companies decide to go public it's a lot of work usually involving multiple dedicated teams on the business side. It takes many months and can take over a year.
So while the timing here is interesting, nobody decided on Friday that many well-known tech firms would declare their intent to go public on Monday.
This is false. A lot of these companies started their IPO process earlier but then got delayed due to COVID. Not everything is as pessimistic as you’re making it sound. It just happens to be before November (companies usually dont go public during election season) so this is the only viable window for companies to go public for the remainder of the year.
So while the timing here is interesting, nobody decided on Friday that many well-known tech firms would declare their intent to go public on Monday.