The global IPO market just hit its inflection point

  • 📰 axios
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

It's been about way more than just Reddit.

Reddit co-founder and CEO Steve Huffman at the NYSE. Photographer: Michael Nagle/Bloomberg via Getty Images.We're done with "waiting until market conditions improve" or "uncertainty." If a company has the numbers or story to go public, the only impediment is inertia.Reddit deservedly got most of the headlines, raising $748 million and then closing up more than 48% from its IPO price on its first trading day.

Auna, a Latin American hospital operator that lists today in New York, raised $360 million after pricing just below its offering range.Galderma, a skin care company owned by EQT, raised the equivalent of $2.2 billion, with shares rising as much as 18% in its market debut. It was the largest Swiss franc-denominated IPO in seven years.

It was Germany's largest IPO of 2024, but also something of a disappointment — pricing at the bottom of its offering range and then watching its shares sink on both of its first two trading days.Share on linkedin

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 302. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines