What a crop of upcoming IPOs from Birkenstock to Instacart tells us about the economy

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Here's another sign of growing confidence in the stock market and the broader U.S. economy: Companies from Birkenstock to Instacart are getting ready to go public through IPOs after a long lull in high-profile listings.

First up is chip designer Arm Holdings, which is set to make its debut on the Nasdaq on Thursday. It priced its shares at $51 each at its initial public offering, which would value the company at almost $55 billion.

Arm may not be a household name, but it's a multi-billion-dollar tech company that designs many of the high-end microchips that power smart phones and supercomputers.