NEW YORK, March 21 (Reuters) - Technology and consulting

services firm Synechron has confidentially filed for an initial

public offering (IPO) that could happen as early as the first

half of 2024, according to people familiar with the matter.

Synechron has tapped Goldman Sachs ( GS ) and JPMorgan Chase ( JPM )

as the lead underwriters for its offering and is

planning to make its IPO filing public in the coming weeks, said

the sources, who requested anonymity as the discussions are

confidential.

New York-based Synechron, which offers generative artificial

intelligence services to its enterprise customers, is planning

to raise roughly $400 million or more and target a valuation of

about $3 billion from its IPO, one of the sources said,

cautioning that the timing and the size of the IPO are subject

to market conditions.

Synechron and Goldman did not immediately respond to

requests for comment. JPMorgan ( JPM ) declined to comment.

Synechron is the latest tech unicorn looking to tap the

public markets, after social media platform Reddit ( RDDT ) and

semiconductor connectivity services firm Astera Labs ( ALAB )

had successful share sales earlier this week. Reddit's ( RDDT ) shares

are expected to start trading later on Thursday.

The offerings of Reddit ( RDDT ) and Astera ( ALAB ) are expected to provide a

much-needed boost to a tech IPO market that has been largely

moribund over the past two years due to market volatility and

high interest rates.

Several large tech unicorns, which were forced to postpone

IPO plans during that period, are starting to revive discussions

with investment banks and other IPO advisers, as equity capital

markets are starting to rebound.

Founded in 2001, Synechron provides IT and consulting

services to industries such as financial services, insurance

and technology. According to its website, Synechron has a global

workforce of more than 15,000 employees and operates 48 offices

in 19 countries.