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The IPO Market Is Open Again—at Least for the Moment

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Arm, Instacart and Klaviyo all popped on their first day of trading, but their performance since then has been more muted.

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For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.Arm, Instacart and Klaviyo popped on their first trading day, but their performance since then has muted

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The 'Great IPO Reopening' may be on hold: rising rates and weaker stocks are a killerCash-strapped unicorns have three choices: raise additional capital in the private markets, merge or be bought out; move into the public markets.
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